We are of the view that to operate Lawcadia to the full benefit of both companies and law firms, we need to be completely independent. For us, to be completely independent and provide a platform that both law firms and companies can trust in the manner designed by Lawcadia, meant that Lawcadia could not practice law. Further, no directors or employees of Lawcadia are partners or employees of a law firm.
Lawcadia is completely independent of any law firms. The shares in Lawcadia are solely held by directors, management and employees of Lawcadia and entities that are controlled by them.
Lawcadia has global coverage in significant markets including Singapore, Hong Kong, UK, USA, and Australia. With an initial focus on the Australian market, this means we can readily support companies that are based in Australia or international companies with Australian offices.
The focus of legal procurement is to make the buying of legal services more transparent and aims to help the legal department to make the objective, data-based decisions that deliver value to their organisation.
Organisations that use a disciplined procurement approach find that it provides greater transparency, and consequently, a greater ability to justify legal spend and law firm selection to internal and external stakeholders.
Importantly, legal procurement processes and practices often result in cost savings, with some companies saying they have saved up to 30% on their legal spend.
The Buying Legal Council, in their 2016 research report on legal procurement, share the top five reasons why companies are integrating procurement into their legal departments:
1. Desire to manage legal spend
2. More effective way to negotiate
3. More efficient procurement process management
4. Measure best value
5. More objective comparisons of legal service providers
When each matter is closed, the company will be asked to evaluate the law firm’s performance on that matter. These performance evaluations then attach to the profile for the lead partner for that matter.
Law firms are evaluated based on six criteria:
The full questions that companies are asked under each of these criteria are set out in our Ratings Policy.
Performance evaluations are only visible once a partner has been the lead partner on five (5) matters that have been closed.
Our performance evaluations attach to an individual partner, as opposed to the law firm, so companies see the average performance evaluations specifically related to the lead partner.
Performance evaluations will be visible when a law firm responds to a tender. Performance evaluations will not be searchable.
In future, we may aggregate performance evaluations for all partners within a particular law firm and disclose law firm evaluations when any partner from that law firm tenders for a new matter.
Yes. After a matter is closed and a company has provided their performance evaluations, the lead partner is notified as to how the company has evaluated the law firm for that matter.
Also, each partner registered with Lawcadia will be able to see their average performance evaluation in their profile.
If a law firm disputes the performance evaluation a company has provided for a particular matter, that law firm may contact us in accordance with the dispute process set out in our Ratings Policy. Lawcadia will endeavour to speak to the law firm, the lead partner and the company who has provided the performance evaluation prior to making any determination regarding the evaluation, as detailed further in our Ratings Policy. Lawcadia will either allow the evaluation to stand or delete it entirely – we will never adjust the evaluation.
A partner’s performance evaluations will transfer with that partner if they move to another law firm.
Any law firm in any jurisdiction can register with Lawcadia.
However, Lawcadia only allows top-tier, mid-tier, international and quality boutique firms to access open tenders.
If a company has a particular law firm that it wants to tender for a particular matter they can be registered.
A partner will only be able to transfer their profile to their new law firm if either:
Any matter registered on Lawcadia can be transferred from one partner’s profile to another. Accordingly, if a partner is leaving a firm and not taking an open matter with them, then that partner can transfer that matter to another partner in their old law firm. This transfer will need to occur prior to that partner’s profile being allowed to be updated to show their new law firm.
Under our terms and conditions with both law firms and companies, all information provided on Lawcadia (whether by companies or law firms) is confidential.
We do retain rights to information and data arising from matters on Lawcadia. However, we will only use such information and data for our own business purposes on an anonymised and non-attributable basis.
We do retain rights to disclose confidential information to certain third parties as set out in our terms and conditions for both companies and law firms.
We will not disclose any companies that use Lawcadia without prior consent from that company.
Under our terms and conditions with both law firms and companies, pricing information provided by law firms is confidential. Accordingly, we do not share pricing information with any other law firms or companies.
We do retain rights to use pricing information provided. However, this can only be used on an anonymised and non-attributable basis. Accordingly, we will never disclose a law firm’s name and the price it has included to any person other than the company for whom such information is intended.
Lawcadia is hosted on Amazon Web Services (AWS). All data is hosted on AWS’s Sydney servers. Accordingly, any person using Lawcadia consents to information that they put on Lawcadia being hosted in Australia.
Lawcadia has the following terms and conditions:
Terms and Conditions for Companies and Terms and Conditions for Law Firms are available at registration, or via email: [email protected]
In addition to these, Lawcadia has a Ratings Policy that governs Ratings and any disputes regarding Ratings.