In an uncertain macroeconomic environment, corporate legal departments are under mounting pressure to control costs while delivering superior legal results for their businesses. Thomson Reuters Legal Tracker, the market-leading spend management solution, is used by more than 1,500 corporate legal departments globally to reduce legal spend, streamline operations, and deliver predictable budgets.

Key Findings

Forrester interviewed four representatives with experience using Legal Tracker and combined the results into a single composite organisation with $1bn in annual revenues and $50m in outside legal spend.

Based on this composite, over a three year period, they estimated:

• Savings of $2.5 million due to lower timekeeper rates
• $746,000 savings due to the enforcement of billing guidelines
• Improved visibility resulted in savings of $398,000*

* Three-year, risk-adjusted present value (PV) quantified benefits for the composite organization.