Services
Legal & Litigation Spend Management
Enabling legal professionals to focus on their most critical challenges
More than ever, General Counsel and law firm partners are challenged to successfully navigate their primary responsibility of delivering high-quality legal services while simultaneously managing complex strategic and operational responsibilities. Mounting regulatory demands, volatile litigation risk, technological complexity, cost pressures and constantly evolving stakeholder concerns all combine to place unprecedented demands on counsel’s time and provide impediments to achieving an efficient and effective legal function.
Using a holistic approach that leverages deep multidisciplinary expertise, Ankura bridges the myriad gaps between in-house and outside counsel, business stakeholders, and software vendors to help leaders manage the legal function in a focused and cost-effective way. By tailoring solutions for our clients, Ankura can help counsel to maintain operational focus by carefully monitoring the metrics and developments that matter most, and to develop practical legal and litigation spend solutions to clear obstacles and achieve results.
Offerings
- Legal Invoice Data Audits
Our team of legal spend experts and data scientists assist clients to understand and systematically examine and evaluate their legal invoice data, including fee, staffing and cost savings patterns, adherence to outside counsel guidelines, and performance versus industry best practices to enhance workflow transparency, communications and relationships between in-house and outside counsel, matter management, and cost savings.
- Expert Services
We provide comprehensive strategies and solutions to the multifaceted challenges facing attorneys and businesses involved in disputes pertaining to legal fees. We develop sound, objective, and compelling analyses, opinions, and solutions for our clients with the best-in-class expertise they need to resolve their disputes.
- Legal Spend Reporting, Data Analytics, & Dashboarding
We combine legal, business, advisory, and data expertise to create clear, accurate, customized, and interactive dashboards to facilitate matter management, vendor management, and legal cost management decisions.
- Project Management
We provide collaborative project management designed to reduce the administrative burden on in-house counsel and ensure a thoughtful, holistic, and practical approach towards implementation and integration of Enterprise Legal Management (ELM) platforms and e-billing software, related workflows, testing, and quality control procedures.
- Process Optimization
Leveraging our multidisciplinary team which includes investigators, data scientists, and former auditors, we help clients improve and automate inefficient and manually intensive processes to reduce the time and frustration it takes to manage routine tasks.
- Data Migration
Our team of data scientists, management consultants, and former auditors assist clients to facilitate system migration, mapping discussions, and execution, and anticipate downstream business implications to migration and installation decisions.
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National Mortgage Lender
Legal Spend Management System Implementation & Advisory
Ankura was engaged by the nation’s leading mortgage lender to help advise General Counsel and in-house counsel on legal and litigation spend management opportunities and to oversee the implementation of a leading legal spend management technology solution. Serving as a buffer between in-house legal, other business lines, and technology solution vendors, our team developed and executed an implementation plan, resolved data migration obstacles, recommended legal operations workflow enhancements, and supported other issues pertaining to staffing shortages. Ankura also created advanced data analytics and customized, interactive dashboarding to present legal invoice and associated system data to in-house counsel in a clear and actionable manner, leading to immediate cost savings and more informed matter management and law firm retention decisions.
The Ankura Difference
At Ankura, we are a professional services firm whose reputation is based on deep subject matter expertise and responsive client service. Our advisors combine broad expertise and experience across a range of areas, including litigation, legal operations, data analytics, investigations, accounting, and information technology, to help counsel identify, measure, improve, and monitor what matters most. We work collaboratively with in-house legal counsel and law firms to help them maximize value, anticipate operational opportunities, and resolve challenges; allowing them to remain focused on their primary responsibilities.
Key Contacts
- Mark A. McGrath
Senior Managing Director
Chicago, IL
- Bradley Lohmeyer
Senior Managing Director
Chicago, IL
