Tim Cummins of IACCM recently did an excellent job summarizing an often-discussed topic in contracting circles – who owns the contract management function?
“It depends” is the obvious answer, but Tim provides some excellent insights and points to think about including:
The nature of your business and scope of contracting within it will have an impact
Who is [...]
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Or will they just instill over-confidence and end up costing you millions when you lose the case and have to pay a huge award for damages?It’s a good question, and the first one I asked after reading this article in Integrated Solutions Magazine on how e-Discovery is not just for lawyers anymore. The article, which points out that Gartner’s recent report on E-Discovery: Project Planning and Budgeting 2008-2011 found that one gigabyte of data can result in $18,750 in legal review costs, makes a good point when it notes that outside e-Discovery can be very expensive. It also …
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The Shared Services & Outsourcing Network recently ran a great article by Leland Forst of The Amherst Group Ltd on mitigating risk when implementing legal shared services that I see as a must read for anyone considering the consolidation of their legal function into a shared service organization. Most organizations outsource traditional back [...]
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A recent CFO article on The Next Wave did a great job of pointing out that litigation is likely to spike again this year, starting next quarter. Noting that recession-related litigation last spiked in 2001 when the dot-com bubble burst, the wounds of recession often encounter a particularly painful form of salt as corporate attorneys [...]
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With all the news about product recalls – from peanuts to lead tainted toys – and economic uncertainty, there’s been substantial conversation over the last year-plus about the importance of implementing a robust and comprehensive Supplier Performance Management (SPM) system. While this has been on company’s “wish lists” for some time, the confluence of [...]
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Spend management is known to prevent wasteful expenditures, but it’s rarely credited with being able to prevent crimes. However, the indictment of a Fry’s Electronic’s VP for defrauding the company and it’s suppliers of $65 million could have been avoided if the company had a procurement process in place based on managing spend visibility and [...]
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