Products
Both products operate on the same basic principles with the objective to maximise the value your company receives from its advisors.
Legal Panel Manager
allows you to control and monitor the flow of work to and from panel members, creating the perfect electronic external spend-management and audit system.
Go to Market
If you do not have a law firm panel or wish to go outside your panel Go to Market will enable you to source the right legal advisors by sending your requests for proposals to qualified firms or a quasi super panel
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Step 1:
You enter Location(s) required, Practice Area(s), summary and full details of the Matter, other parties involved and you can upload an NDA file. (Law Firm can only view summary after level 1 conflict check and before level 2 conflict check).
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Step 2:
List of matching firms generated. You can view law firm profiles and remove unwanted firms.
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Step 3:
You select timings required for the Request for Proposal (RFP) process and which law firms you wish to include in the process – panel members, wider market or both. An automated reminder process lets you know when deadlines have been passed.
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Step 4:
Conflict checking now takes place. You remain in control of the conflict process and can decide on whether to proceed based on possible conflict.
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Step 5:
After all conflict checks are complete, you can select and view initial responses and proceed to
choosing your short list of firms to receive the full request for proposal.
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Step 6:
Law firm submits their full response using templates designed to help you effectively evaluate the law firms involved. These templates can be adapted to suit your needs and to allow you to specify your priorities with regard to the Matter and allows the law firm to demonstate the full breadth of their offering.
You now have several options:
- Questions for the law firm:
Here you can ask questions to clarify the law firm's bid. NB: This action can only be taken once. Once a response is received you will not be given this option again. You can however use the envelope icon at the top of the page to communicate further with the firm.
- Request a Meeting:
Select this option only after you have used the above option. NB: Once you have selected this option you will not be able to use option (i).
- Allow to Review Bid:
This button will be useable only after the deadline for bids has passed, and when selected, allows the law firm to re-submit their bid.
- Accept Bid:
If you want to accept the law firm bid, the system will send a conformation email to the law firm.
- Reject Bid:
The system will send an email to the firm to say that on this occasion the firm has been unsuccessful with their bid.
Step 7:
Comparison tables allow you to directly compare bids. You can now instruct the winning firm. All elements of the process are saved to provide you with a full audit trail of the process and to ensure law firm compliance