Sink Your Teeth Into Business Analytics with Virtual Legal Support
Exigent has an excellent track record of driving business efficiency and planning, using data to deliver results. Our team of developers, analysts and attorneys is a unique mix of international capabilities and expertise. They all speak the same language of efficiency and savings.
All General Counsels are under pressure to deliver efficiently; one major Exigent client’s legal team is required to deliver 20% savings in line with the rest of the global business. At Exigent, we understand that legal spend is a business tool and we know how to achieve 9% savings. We utilise analysis to deliver to our clients the information they require in making decisions. Legal spend isn’t the easiest to understand, which is why a combination of technology (GLIMPS), analysts and lawyers needed to understand the legal spend. The result is a minimum of 10% savings by simple process improvement.
Our business intelligence platform and business analytics team can analyse performance against panel agreements or SLAs and recommend improvements to the delivery processes. The key to this is having the data and analysing it timeously and accurately which alone can save 5-6%. Our experience illustrates that a 10% saving is achievable within one year.
By combining our industry knowledge, business analyses and lean processes, with our Business Intelligence platform, Exigent can identify and flag instances of invoicing non-compliance with external law firm engagement agreements and in accordance with their KPIs, leading to alternative fee structures, competitive bidding and value-based solutions.