BUYING LEGAL COUNCIL

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NetApp was named Corporate Counsel magazine’s Best Legal Department. GC Matthew Fawcett and Connie Brenton, chief of staff and director of legal operations, use data analytics, metrics, project management, partnering with outside counsel and service providers, as well as technology, such as legal spend management software, to transform their department.

NetApp regularly measures outside counsel on the quality of their advice and results achieved. They look at how efficient outside counsel are: how many high-priced lawyers are on a case? How do their fees compare with those of similar firms?

NetApp also shows outside counsel ways to improve and integrate the project management strategies and techniques into their practice. A project manager takes care of some tasks previously handled by a highly paid lawyer.

Budgeting is done through an automated program that enables an attorney to project how much will be spent in a month, tracks that spending in real time and informs outside counsel and the client at the end of the month where the budget stands. This gives NetApp insight into the practices of their law firms, adds predictability, and helps outside counsel be responsive.

NetApp applies technology to free up its legal staff from routine but time-consuming tasks, such as negotiating nondisclosure agreements. For example, NetApp’s sales reps can pull up a nondisclosure agreement form on a smartphone and send it via email. A nondisclosure agreement can now be completed in five minutes instead of five days.

Read more about NetApp’s great management here.

 

I’m joining Sky Analytics!

Andover, MA – February 20, 2014Sky Analytics, a leading provider of legal spend management software for corporate law departments, announced today the appointment of Dr. Silvia Hodges Silverstein as Vice President of Strategic Market Development.  Dr. Hodges Silverstein lends her deep background legal procurement and research to the fast growing Sky Analytics team.

Dr. Hodges Silverstein will lead Sky Analytics’ expanded effort to educate corporate law departments on the importance and usage of legal analytics in today’s legal environment.  As an established researcher she will also mine the Sky Analytics database to gather findings and insights to help better understand the rapidly changing legal services market through an upcoming thought leadership series.

“I am very excited to join a company that is revolutionizing the field of legal analytics, helping legal departments to better manage their spend,” said Dr. Silvia Hodges Silverstein.  “Since Sky Analytics launched only a few short years ago, the company has already established itself as a leading provider legal spend management software.  I am looking forward to working with their clients to help them leverage their data and help development this emerging market.”

“As corporate legal departments look to better analyze their legal spend in search of potential cost savings opportunities, we were looking for an industry expert that can help educate the market on how to unlock the power hidden in law firm invoice data.  Dr. Silvia Hodges Silverstein corporate legal background in addition to her role as an educator made her a natural fit for this effort,” said Doug Ventola, President of Sky Analytics.  “We are confident that our clients and, in fact, the market as a whole will benefit from Dr. Hodges Silverstein’s new role at Sky Analytics.”

Sky Analytics provides corporate legal departments with web-based tools and analytics to better manage outside legal spend. Sky Analytics’ legal spend management solution is quick to implement and works with paper or PDF invoices or existing e-billing programs. https://twitter.com/LawSpendClarity.