The most recent issue of Claims Litigation Management Magazine the article "State of the Union" (Smith, Taylor & Javadizah, Shaheene) featured some great insights regarding the collective claims litigation leadership perspective on vendor selection, both panel law firms & core litigation support providers.
The article highlights some important trends:
- There is a growing consensus that claims & claims inventories are on the rise.
- Evidence suggests that the rising inventories in some organizations may be a result of difficulties in the pre-litigation stage.
- Trends indicate that insurance executives are looking to reduce the size of their outside panel because they feel staff counsel can be more efficient.
- More companies are reporting taking ownership of the procurement of litigation support services (rather than leave these decisions to staff or panel counsel.)
Yet.....Costs are still rising?