Budgets for Matters in the Law Department: Outside Counsel and AFAs
35th Annual Conference of the International Legal Technology Association
August 29, 2012 from 11:00 am to 12:00 am (EDT)
Partner Jonathan K. Cooperman spoke at the 35th Annual Conference of the International Legal Technology Association, as part of a panel discussion on August 29, 2012. The discussion was titled, “Budgets for Matters in the Law Department: Outside Counsel and AFAs”. The panel explored the various factors affecting law department budgeting, including whether matters using outside counsel should be budgeted in an intentional way, whether there are requirements/policies for these types of matters, what templates or tools are available, and what data support you have when budgeting for a matter. The panelists will also discuss several facets of AFAs, such as the need for specific requirements, historical data to support the AFA and how to measure the AFA’s value.