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eLawForum Litigation Portfolio Insurance
More plaintiffs are suing corporate America and winning large recoveries. Plaintiffs enjoy a competitive advantage: they don't pay lawyers by the hour. Plaintiffs' bar is compensated on a contingency basis, only taking cases where the plaintiff has a good chance to win. The Fortune 500...
Read MoreLitigation Portfolio Risk Transfer
Litigation cost is a heavy burden on Fortune 500 corporations. (See Fortune 500: The Total Cost Of Litigation Estimated At One-Third Profits, The Metropolitan Corporate Counsel February 2008, p. 28.) As one industry after another is targeted, corporations use their balance sheets to absorb the...
Read MorePart II - The First Step In Reducing Litigation Cost: Widen Focus To The Portfolio With A Litigation Scorecard!
Management requires measurement. Managing litigation cost starts with knowing what a corporation spends on its litigation portfolio. Most corporations do not measure the total cost of litigation. (See Fortune 500: The Total Cost Of Litigation Estimated At One-Third Profits, The Metropolitan...
Read MoreFortune 500: The Total Cost Of Litigation Estimated At One-Third Profits
Editor's Note: This article sets forth findings based on litigation data compiled by eLawForum over the last eight years. The high cost of litigation and small percentage of cases that actually go to trial is to some degree attributable to litigation delays and uncertainties resulting from under-...
Read MoreeLawForum: Transforming Legal Services - Part III
Part I appears in the June 2004 issue and Part II appears in the July 2004 issue of The Metropolitan Corporate Counsel.As illustrated in Figure 5, the benchmarks against which savings are measured are what the corporation would have expected to pay for an equal number of cases based on its historic...
Read MoreeLawForum: Transforming Legal Services - Part II
Part I appears in the June 2004 issue and Part III appears in the August 2004 issue of The Metropolitan Corporate Counsel. To assess the eLawForum model's impact, we studied 50 competitions over the last four years involving the top 100 U.S. law firms. A consistent pattern emerged. There were...
Read MoreeLawForum: Transforming Legal Services - Part I
Part II of this article appears in the July 2004 issue, and Part III appears in the Augsut 2004 issue of The Metropolitan Corporate Counsel.Corporations attempt to avoid corporate waste by controlling legal costs. Seeking accountability, corporations institutionalized the billable hour, imposing...
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