The legal department provides the safety net for any company. Sometimes, however, that net is unnecessarily expensive. Striking the right balance between risk and cost is the task of legal management.
The costs of legal consulting have been rising for years. Increasing compliance requirements, widespread professionalization of business relationships, developing ideas of security – there is often a wide range of problems standing in the way of optimization of the expenses for solicitors and legal consulting. On the one hand, it is very difficult to differentiate between really important, often legally obligatory costs and consulting services that support day-to-day regulatory and project work. On the other hand, the costs are often extremely fragmented and distributed over many providers. Large companies in particular have no transparency with regard to their legal expenses. Smaller companies often do not have internal specialists who can assess the services of legal experts or manage them during a project. In addition, the usual approaches to reducing costs have little success.
Intero Consulting has developed an approach in which a three-stage process is followed, usually with a cooperation partner: