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July 23, 2015

The Importance of Choosing the Right Litigation Support Vendor to Maximize ROI


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? 

Read On...