Lawcadia captures data and efficiently controls the process through each stage of the
Establish new legal panels using a streamlined and efficient RFP process specifically designed for the selection and management of legal panels and RFPs.
Not only does this provide an efficient and repeatable process, it also maintains competitive tension between your legal service providers.
Review and manage your existing legal panels and use past firm performance to enhance your team’s decision-making processes.
All tendering and matter data including pricing, scope, budget, invoices and supplier evaluation is captured securely informing future engagement decisions.
Create a competitive, digitized, repeatable tender process allowing for the easy comparison of like firms with like, ensuring the right firm is engaged for the right matter every time.
Work with your firms to set and manage scope and establish pricing arrangements, including fixed fee, alternative fee and capped fee agreements, institute budget agreements and implement measurable, repeatable ongoing engagement processes and practices.
Create clear boundaries around what is in and out of scope, including identification of assumptions, control scope creep, track and manage change requests, and establish efficient approval processes prior to the completion of work.
Gain complete oversight of the legal function through logic-based workflows that are mapped to your unique business rules ensuring the right approval processes are in place. Some examples include approvals and workflow customised for work allocation, prior to law firm engagement, for certain types of matters or size of spend, change of budget, invoice review, and much more.
Track actual spend, forecast spend and work-in-progress, control budget creep, and track and manage change requests at matter, law firm and client levels.
Forget excel spreadsheets and manual processes and manage your external legal spend in the one secure location.
Automate the data collection, collation and analysis process and capture data throughout the procurement lifecycle.
With extensive reporting options on external spend, legal departments can also gain insight into working processes, provider relationships and performance.
6 Steps to Managing the Legal Category
Navigating the legal category can be challenging for those who are non-lawyers. We share our top tips and 6 steps to managing the legal category in this helpful infographic.
Webinar: Reduce Legal Spend Using Process & Technology
As costs come under pressure, extracting maximum value from external legal spend is more vital than ever. Traditional procurement processes and purchasing systems simply aren’t effective in the legal category, and this webinar explores why this is the case and shares proven solutions that combine processes and technology to maximise value and provide oversight and control.
The Rise of the Legal Procurement Movement
Join our fireside chat with legal procurement expert Dr. Silvia Hodges Silverstein as we unpack the rise of the legal procurement movement, the anticipated interest in APAC of cost savings initiatives and how procurement and legal can partner successfully.
Buying Legal Services – Insights from Roundtable Discussion
We were thrilled to be invited to facilitate an expert round-table with an interactive group of procurement professionals tasked with delivering effective procurement and spend strategies across the legal category. Following the discussion we prepared an infographic highlighting the key points.
7 Strategies to Reduce Legal Costs Now
Budgets are already under pressure and the legal department is no exception. We have prepared 7 strategies that have been proven to reduce legal costs, and what is more they can be implemented very quickly without impacting headcount.
An easy to digest overview of legal procurement for professionals
not intimately acquainted with the legal industry.
Lawcadia provided us with the system we needed to ensure we could accurately track our matters, budget and spend across the legal function.
Lawcadia has made a big difference to how we organise and manage our external briefings – it is now easy to get multiple quotes making it easier for the team to comply with our internal procurement processes. We have also been able to consolidate our external spend and gain efficiencies at billing time, for both us and our law firms.
We are now tracking spend and ensuring matters are managed appropriately including clear engagement instructions. This has resulted in reduced cycle time to invoice and payment.
We have found Lawcadia’s [matter management] useful, and easy to use and now have access to reliable data about the types of work we are performing and where the instructions are coming from.
As a specialist liability insurance provider, we wanted more control over our legal spend and law firm relationships. Lawcadia has enabled us to set, track and control scope and budget, ensuring control over individual matters at a time when global oversight across spend is a key imperative.
The Lawcadia team have partnered closely with us to understand our requirements and service needs. The platform has helped us enormously in establishing and managing our legal service providers including better scoping of work, expense management and identifying opportunities for efficiencies and quality improvement.
I have been using Lawcadia for a key infrastructure client and I find it is easy to use, and importantly, gives my client the information they need to manage scope and budget.
With Lawcadia we have transformed the way we procure and manage our external legal services. I am very supportive of innovation that enables teamwork and collaboration, and that is certainly a benefit that Lawcadia brings.
ISO 27001 Certified
Designed and built to comply with the most stringent global security standards, Lawcadia is ISO 27001:2013 certified.
Platform implementation, training and on-going support is provided by a dedicated Customer Success Manager.
We provide a fast and professional on-boarding service so legal departments, law firms and other team members can get started right away.
Transform your legal operations with the matter and spend management system built for in-house teams and their law firms with RFPs, scope controls, workflow automation, and reporting.