Providers of legal research, other than law firms, and costs saved by law departments
An article, NY Times, Jan. 13, 2006, mentioned one method for law department’s to spend less: hire an outside service provider for legal research. Specifically, the article referred to LRN, and quoted Peter Kreindler, general counsel at Honeywell who “thought the company’s spending on legal services had fallen by at least 25 percent as a result of using LRN.”
Caution! Kreindler must have meant that Honeywell’s spending on legal research enjoyed that drop, not all its spending on law firms and other law-related vendors. It is doubtful that researching the law commands more than 5-10 percent of a law department’s typical law firm bills, so using a third-party legal-research firm, even at much lower hourly rates (probable) and even if the researchers know the area of law better (possible), can hardly cause such a dramatic shift in costs.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Providers of legal research, other than law firms, and costs saved by law departments:
"LRNs" as they are referred to in the NYT article typically offer more services than simply legal reearch. To the extent companies such as Honeywell outsource more than simply legal research assignments, but outsource contract review, drafting and other projects,the amount they could save must not be understated. The key for these companies is finding a freelancer that they are confident can handle these other forms of assignments. see, for example, www.HarttLegal.com
Posted by: James Hartt | Jan 18, 2006 6:04:19 PM
Many institutions limit access to their online information. Making this information available will be an asset to all.
Posted by: Paper on Research | Oct 10, 2009 8:33:10 AM
The comments to this entry are closed.