How can legal departments successfully manage the step-change from being a cost centre to become a profit centre within an organisation? The financial crisis of 2008 and 2009 has placed in-house legal departments under greater cost pressures than ever before. Commissioned by LexisNexis
® Martindale-Hubbell
® and undertaken by
European GC and law firm information consultancy, Forbes Institute, this report examines how in-house legal departments can prosper by proactively generating revenue for their company. At the vanguard of this step-change is the global in-house legal team of DuPont, which has recovered U.S.$1.5bn since the start of its recovery program six years ago.
The full report offers insights from successful revenue recovery programs and acts as a 'how to' guide for general counsel worldwide who wrestle with the question: “How can my legal department demonstrate value to our company?” Areas covered include:
- What is a legal recovery program?
- Case studies: DuPont, Tyco and Standard Life
- Interview with Thomas Sager, Senior Vice President and General Counsel for DuPont
- How to set up a legal recovery program
- Lessons for law firms
- Frequently asked questions
