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“There are some easy steps an organization can take to take to keep litigation costs down, but they just aren’t taking them,” wrote Corporate Counsel.
The article focuses on one of the most interesting findings in a recent litigation cost survey focused on Property & Casualty insurance companies. It’s a “balancing act” line of business where legal metrics, efficiency and law department operational maturity are incredibly important.
According to the survey, the opportunity for improvement rests in the delta between those departments that find certain cost control techniques effective and those departments that do not use them.
The infographic nearby – this week’s Friday Share – neatly summarizes the data. In addition, a complimentary copy of the complete report, in PDF format, is available for download with registration here: LexisNexis Property & Casualty Claims and Litigation Cost Containment Survey.
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7 Ways to Prove the Value of the Legal Department
Photo credit: Flickr, Sean Freese, Day 338: “Balancing act” (CC BY 2.0)
