Panel Management
While creating a framework or putting in place a panel is an essential first step in reducing legal spend, it must be accompanied by greater spend controls so that all benefits can be realised. Common flaws of unmanaged panels include:
Not establishing a baseline at the outset against which savings can be measured
The benefits of having the panel are not tracked making it difficult to justify why the panel was established in the first place
The opportunity for establishing spend transparency are missed meaning the organisation is left to rely on internal management information
Controls are not put in place to ensure that wider value-added and social value benefits are delivered
Kennedy Cater provides an end-to-end panel management service that stretches from initial design and procurement (if required) to ongoing management.