A well-written, well-managed RFP is always worth the time if material legal spend is involved. Good things happen when in-house lawyers run RFPs. RFPs deliver in-house lawyers key insights, an understanding of critical expertise, material savings and value added services.
BanyanRFP
BanyanRFP is an online platform that enables corporate legal departments to make better counsel selection decisions. Our proprietary application allows legal departments to configure RFP's quickly and easily for any type of legal engagement - from rate cards for counsel panels, to long term engagements or one-off matters. Only law firms you invite to respond are aware you are running a process. Key financial metrics of proposals are calculated automatically and presented in easy to read dashboards and reports - allowing for side-by-side proposal comparisons with a single click. And our platform enables real time competition by allowing you to disclose the metrics of competing proposals on an anonymous basis. What was once a messy, manual process has been automated - allowing legal departments to get law firm information on rates and expected fees as well as expertise, experience and technology based efficiencies quickly while driving more transparent competition.
Website:
https://www.banyanrfp.com/
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By Kathy Heafey
As you reflect on the past year, it is worth taking a moment to consider how your law firms are delivering for you. Are they anticipating your needs? Investing in your relationship? Maintaining a high standard of client service? It…
An RFP to hire outside counsel? That sounds risky.
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The…
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