Balfour Beatty hands Pinsents 'business as usual' work in cost-cutting drive

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  • “I started wondering whether there was a better way to outsource our legal work,” - there will be plenty more where that came from...

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  • 'One thing that we’ve noticed ... the legal spend wasn’t really coming down' - this is an observation that many GCs no doubt will share.
    GCs and law firms are talking the talk about the 'new normal' and improved process mapping and unbundled production, but the legal spend is staying stubbornly high. Either the talk is not translating into substantive change (most likely), or the change in production methods is having no impact on total cost (very unlikely).

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  • The death of the hourly charge out rate? If yes, good.

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  • PM have always been at the forefront of adopting new technology to drive efficiency (that's cutting cost and improving quality of service btw) . It's one of the few firms where you get Partners turning up to see new technology in action and being interested. I fully expect PM to win many more mandates like this one as they are setting themselves up to succeed in the new world.

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  • "One thing that we’ve noticed over the years is that ... the legal spend across the company wasn’t really coming down". What does that say about these big city firms?

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