What's in it for you?
The system records every detail and makes everything transparent. If you know everything you can control anything. YarrisLegal makes it simple for the client to have all the information needed to make informed purchasing decisions.
The key to successful acquisition of legal services is to make the client’s managers 'informed purchasers'.
YarrisLegal prompts managers with the right information and framework so that every manager:
In the opinion of Lateral Economics, who were commissioned to advise the Australian Attorney-General, better informed purchasing and external talent management could result in a potential gain of 7-15% (Lateral Economics, Learning from experience: Purchasing Legal Services, Feb, 2011, page xvi).
Clients can hold the external lawyers accountable in ways never before possible. If the invoice doesn’t match the fee estimates then the invoice won’t be approved for payment. If there is a variation in the estimate the client must approve in advance. Whether the performance is poor, or excellent, it is measured and recorded and used to inform subsequent appointments.
Selection and appointment
All data on past performance, expertise and credentials is collected and codified, specialties are recorded and key advisors are identified and tracked as they move firms. Clients can be confident they have the power to appoint the most appropriate lawyer to a matter.
Leverage your buying power
Discounts of maybe 20% are available to large buyers (Lateral Economics, Learning from experience: Purchasing Legal Services, Feb, 2011, page xvi).
If your organisation comprises, say, 50 departments instructing 70 external firms, YarrisLegal will reveal your total expenditure per firm and per category, giving you the knowledge you need to exercise your bargaining power and win fee discounts.
What’s the result?
By giving organisations total visibility into every detail of legal expenditure, clients can reduce their costs, improve the quality of outcomes and make all information and advices readily re-usable.
YarrisLegal is hosted and delivered as a Software as a Service (SaaS) system. Customers have no capital expenditure and only pay monthly licence fees. Upfront fees are payable for the initial data uploads and any customisations.