HOW PMIC HELPS ADDRESS THESE CHALLENGES?

PMIC understands that efficient and careful stewardship of budget is essential to success. To help our clients meet the challenges inherent to the dynamic legal procurement environment, PMIC developed a proprietary business protocol called Legal Process Optimization (LPO). At the surface level, LPO is defined as the process by which procurement of legal services is disaggregated into its constituent parts, business services are identified and isolated from pure legal services and merits management, and efficiency and value protocols are applied to procurement of the business components.
By integrating a data-driven business protocol into a matter, LPO ensures clients’ greatest return on their legal spend. Aside from the obvious impact to our client’s bottom lines, this “quasi-disaggregation” of the business aspects of a legal matter also frees in-house and merit counsel from time-consuming non-legal aspects of a matter, allowing them to practice law.

“Guiding senior management to safe ground is a fundamental part of the job. The ability to do so enhances the influence of GC, especially in the area of risk management, where legal officers are playing an increasingly important role. In the remaining sections, we look at the GC’s role in managing risk, starting at the level of the enterprise and then focusing on some of the key obstacles facing companies, including regulatory risk, the management of third parties and contracts, and the resolution of disputes. GC plays an important part in managing all of these challenges”

~ KPMG