News: LegalShift, LLC Focuses Service on Contract Discovery and Recovery

LegalShift, LLC Focuses Service on Contract Discovery and Recovery

New Process Model Enables General Counsel to Become a Revenue Generator

CHICAGO, IL–(Aug 11, 2016) – LegalShift, LLC, a leading advisor to corporate general counsel in the areas of process and technology, announces a significant new service offering enabling general counsel and their legal teams to identify areas of risk and opportunities for revenue recovery, thereby turning the law department into an actual profit center. While not a replacement for contract lifecycle management solutions, contract discovery tools and methods provide different capabilities and can be run independent of (or in conjunction with) the contract management process.

In a just published August, 2016 article in Corporate Counsel, How Electronic Discovery Gave Birth to Contract Recovery, a new approach is outlined based on the belief that the real benefit of properly monitoring and controlling contracts is in leveraging terms and conditions to maximize their value and/or minimize noncompliance with laws and regulations. In consideration of the need for a pragmatic approach to contract discovery, a suggested process model (similar in nature to that used in managing electronic discovery) is provided.

 “The tactics of managing contract obligations through traditional contract management and matter management systems do not allow the organization to be strategic. This new approach allows general counsel to innovate and identify opportunities (cost, risk, time and revenues) in proactive use of contract assets” states LegalShift Managing Director and Corporate Counsel Scott Rosenberg. He adds, “A company may implement a contract discovery solution without even having a contract management system in place.”

LegalShift President/CEO Dan Safran shares, “We continue expanding our services to focus on the areas of interest of greatest impact and value to the general counsel. Our contract discovery and compliance service offerings support our overall mission of helping turn in-house lawyers into risk arbiters and revenue generators. These services tie well into our current stable of Knowledge Management skills and solutions.”

About LegalShift, LLC
LegalShift is a consulting and business advisory services firm launched in 2015 to help in-house legal teams and their law firms better manage legal portfolios, improve business operations and reduce legal spend. The company offers strategic guidance and tactical know-how in areas of financial spend, legal project management, process improvement, legal service delivery, organizational change and technology deployment.

For more information, please contact LegalShift by phone at 844 SHIFT US (844-744-3887) or via email atinfo@legalshift.com, or visit www.legalshift.com.

CONTACT INFORMATION

Media Contact:
Dan Safran
President/CEO
LegalShift, LLC
844-744-3887
Email Contact

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News: LegalShift, LLC Achieves Major Milestone in Legal Project Management

LegalShift, LLC Achieves Major Milestone in Legal Project Management

New Approach to LPM Is Changing the Dynamics Between In-House/Outside Counsel Relationships

CHICAGO, IL–(Aug 1, 2016) – LegalShift, LLC, a leading advisor to corporate general counsel in the areas of process and technology, announces a significant new milestone in its legal project management (LPM) solutions. LegalShift’s LPM processes and tools are now being leveraged to manage over 15,000 legal matters across a wide range of practice areas. LegalShift believes this represents the broadest application of LPM tools and techniques in the legal industry to date.

LPM is quickly being recognized as a critical competency for in-house legal teams, particularly those law departments striving to more proactively manage legal spend and improve operational efficiency. Unique in its qualifications and real-world experience with LPM tools and techniques, LegalShift offers specialized advisory services to help law departments better understand, design and implement an effective LPM program.

“Matter management systems and other practice support technologies alone do not go far enough to affect the behavioral changes necessary to control legal spend. While audit-driven systems may aid decision-making after the fact, they do little to create a culture of proactive partnering,” states LegalShift Managing Director and Corporate Counsel Scott Rosenberg. He adds, “The approach is not unlike going to a doctor to receive treatment for symptoms, when the real need is to cure the underlying condition.”

LegalShift President/CEO Dan Safran shares, “We continue expanding our services to ease the working relationships between law departments and their outside lawyers and law firms. Our LPM service offerings support our overall mission of helping legal entities optimize their processes, lower costs, lower spend and increase value.”

LegalShift consultants have already achieved multiple LPM certifications including Project Management Professional (PMP), Toyota Production System (Lean) and Six Sigma, demonstrating the company’s commitment to excellence in LPM and efficiency improvement.

About LegalShift, LLC
LegalShift is a consulting and business advisory services firm launched in 2015 to help in-house legal teams and their law firms better manage legal portfolios, improve business operations and reduce legal spend. The company offers strategic guidance and tactical know-how in areas of financial spend, legal project management, process improvement, legal service delivery, organizational change and technology deployment.

For more information, please contact LegalShift by phone at 844 SHIFT US (844-744-3887) or via email at info@legalshift.com, or visit www.legalshift.com.

CONTACT INFORMATION

  • Media Contact:
    Dan Safran
    President/CEO
    LegalShift, LLC
    844-744-3887
    Email Contact