Effective collaboration in legal services
The value of alliances, both internally (across departments) and externally (with suppliers and customers), is often overlooked in the legal sector. Yet, effective collaboration increases competitive advantage and allows firms to better meet their clients' needs.
Collaboration promotes innovation, improves quality, creates capacity and bandwidth, manages risk, and drives efficiencies.
Many GCs are looking for ways to harness their experience and insight for commercial gain. Enabling your business to manage and strengthen its relationships with customers, suppliers and partners through best practice alliancing can achieve just that.
There is a genuine interest from the wider legal community in how to take the principles of best practice collaboration from other industries and apply them to the delivery of legal services. Independent research undertaken by Alliance Best Practice Limited (ABP) suggests that organisations that apply best practice principles in alliancing earn significantly more at less cost – ranging from 250 to 650 per cent more in commercial returns.
Research project – join us
Being a firm that prides itself on innovation and creativity, we are keen to test the applicability of best practice strategic alliancing in the legal market and the degree of true collaboration or partnership.
We are working with ABP and a group of general counsel to test our hypothesis and find out which of ABP’s 52 Critical Success Factors are relevant to the legal supply chain - we’ll share our results here in future.
If you are a GC and are interested in taking part in the research, please contact Lyndsey Ratcliffe on +44 (0)1293 603611.