Partnering with Your Clients and Helping Them to Effectively Manage Their Legal Costs
During these difficult economic times, executives are in a constant pursuit for the most cost effective approaches to legal fees. Helping your clients establish and maintain procedures to deal with and managing skyrocketing legal costs are becoming a critical part of your business relationships. This webcast organized by The Knowledge Group is designed for attorneys and their clients and will provide fundamental information on Legal Costs Management including:
- Critical issues
- A new paradigm for lawyer-client relationships
- Dealing with billing audits
- Innovative and up-to-date approaches to managing legal costs
- Up to the minute business trends in this area
Join this LIVE two-hour webcast to hear legal and financial experts discuss their substantive viewpoints on this topic. A live interaction with the audience in a question and answer format is also included in this event. Click the “Register” button below to enroll in this course. Hurry as space is limited and significant discounts apply to early registrants.
Charlie J. Gambino, Director and Senior Counsel
Deutsche Bank AG New York
- Developing and maintaining a panel of preferred law firms that provide us discounted hourly rates across all experience levels.
- Requesting three to four law firms that are on our panel of preferred law firms to bid on specific litigations or regulatory matters. Unless there are exceptional circumstances, we will retain the law firm that provides the lowest bid.
- We are also moving away from the traditional hourly rate model and are requesting our preferred law firms to consider flat, capped and success fees, as appropriate.
- Finally, we have requested our preferred law firms to work with our offshore law firms to conduct all document reviews, preparation of privilege logs and other document intensify projects that arise in litigation and regulatory matters.
Irving B. Levinson , Partner,
K&L Gates LLP
- Slashing Litigation Costs by a Proactive and Comprehensive Use of Mediation and Other ADR Processes
- The largest expense item in your client’s legal budgets can be dramatically slashed by far more aggressive participation in mediation and arbitration.
- Mediation, when approached systematically, can provide more sensible business resolutions to disputes at a fraction of the cost, and with far less painful disruption to your client’s business.
- The “360° mediation” will optimize your likelihood of successful mediations.
- When mediation fails, arbitration can be structured in ways that are also far less expensive and less “painful” than conventional litigation.
- Take on the role of “ADR coach” to your business clients and you will have grateful clients who return again and again for your good counsel.
Jeff Litvak, Senior Managing Director/Forensic & Litigation Consulting,
F T I
- Have a case strategy continually updated and budget prepared as best you can for the whole case prior to commencing the litigation (phases/scope).
- Consider alternative billing models:
- Execution of a preferred provider agreement with attorneys and financial experts
- Flat fee for each phase of the budget
- Discounted rate models
- Incentive /success fees based on results – not for financial experts
- The more business which a law firm receives, the greater the discount to rates.
- Early Dispute Resolution (EDR) could be helpful in settling cases “early on” and reducing litigation costs. This would entail the use of your law firm and economic experts who are versed in EDR:
- Preliminary assessment of liability (early on);
- Preliminary assessment of damages exposure and possible settlement options “early on”
- Settlement discussions early on
- Movement to formal mediation has been a trend to decrease overall litigation costs
- Constant communication (weekly) of fees incurred, expected fees for the next week and long term expected fees.
Stewart M. Weltman, Principal,
Futterman Howard Ashley Watkins & Weltman, P.C.
- Develop A Litigation Game Plan
- Motion practice/trial
- Save money with your discovery litigation plan
- Exit strategy
Who Should Attend:
- In-house Counsel
- Managing Counsel
- Law Firm Executive
- Outside Counsel
- COO/CFO of Corporate Legal Departments
- Corporate Heads (Executive Directors, Finance Directors, Managing Directors, Controllers, Analyse
Charlie J. Gambino is a Director and Senior Counsel in the Regulatory, Litigation and Internal Investigation group for Deutsche Bank in the Americas and head of Legal’s Financial Crisis Task Force. Mr. Gambino served as a staff attorney in the United Securities and Exchange Commission’s Division of Enforcement from 1997 to 1999. He also was associated with the law firm of Skadden, Arps, Slate Meagher & Flom from 1999 to 2003. He is a frequent speaker at securities law conferences. Mr. Gambino is a member of the American Bar Association and the Association of the Bar of the City of New York, on which he serves on the Securities Litigation Committee.
Charlie J. Gambino is a Director and Senior Counsel in the Regulatory, Litigation and Internal Investigation group for Deutsche Bank …
Irving B. Levinson, a partner with K&L Gates LLP, concentrates his practice in complex business and corporate litigation and ADR, including lawsuits and arbitrations arising out of acquisitions, securities litigation, real estate, corporate and intellectual property litigation and products liability and construction lawsuits. With over 38 years of litigation experience, he has tried numerous cases in federal and state courts throughout the United States and consulted on cases in Australia, Canada, China, Germany and Japan. Mr. Levinson is a court-certified mediator for the Circuit Court of Cook County Court-annexed Major Case Civil Mediation Program. Mr. Levinson is a frequent speaker and author on litigation strategy, mediation and commercial arbitration. He was an Adjunct Professor of Law at Northwestern University Law Center, where he taught Trial Advocacy.
Irving B. Levinson, a partner with K&L Gates LLP, concentrates his practice in complex business and corporate litigation and ADR, …
Jeff Litvak is a senior managing director in FTI’s Forensic and Litigation Consulting practice and is based in Chicago. Mr. Litvak is a Certified Public Accountant, an Accredited Senior Appraiser (ASA) in business valuation, and is Certified in Financial Forensics (CFF). Mr. Litvak specializes in forensic accounting investigations and valuation matters, assessment of economic damages, analysis of lost profits and unity of interest/separateness matters. Mr. Litvak is FTI’s national product leader in merger and acquisition disputes. Recently, he was designated as co-chair of the AICPA task force on merger & acquisition disputes. Mr. Litvak received the 2009 AICPA Award for Volunteer of the Year for his achievements regarding the efforts of the AICPA’s Task Force on Mergers and Acquisition Disputes. Mr. Litvak has experience in a cross section of industries, real estate, manufacturing, wholesaling, construction, high tech, automotive and pharmaceutical. His extensive experience in accounting and auditing, market penetration analysis and corporate finance provide a strong background for analyzing damages in many types of business litigation. He has worked on significant matters for the United States Department of Justice and Internal Revenue Service on valuation and other corporate finance matters.
Mr. Litvak has provided expert opinions in federal, state and municipal courts throughout the United States on matters involving post-acquisition disputes, breach of contract, damages, employee termination, lender liability, healthcare fraud and abuse, antitrust, lost profits, and destruction of business within the financial services, internet and healthcare industries.
Jeff Litvak is a senior managing director in FTI’s Forensic and Litigation Consulting practice and is based in Chicago. Mr. …
For over thirty years Stewart has been a lead trial counsel in numerous complex litigation matters for both plaintiffs and defendants, in cases involving antitrust, accounting malpractice, legal malpractice, securities fraud, patent issues, contract actions, and consumer fraud. He has argued before the Illinois Appellate Court, the Seventh, Fifth and Federal Circuit Courts of Appeals. He has appeared before the United States Supreme Court as both counsel of record and as amicus counsel.
For over thirty years Stewart has been a lead trial counsel in numerous complex litigation matters for both plaintiffs and …
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