Thomson Reuters

More Matters, Less Budget: How Today’s General Counsel Are Handling the Eternal In-House Problem

Event On Demand

Hosted by Thomson Reuters

According to research from the Thomson Reuters Institute, 84% of legal departments consider controlling costs a top priority – the highest that’s ever been. At the same time, two-thirds report flat or decreasing budgets and 79% report a growing number of matters. On top of that, outside counsel rates have been increasing annually by double digits since the pandemic. So what can General Counsel do to square that circle, and deliver the legal expertise the business needs at a price it’s willing to pay?

In this webinar, several General Counsel will talk about the cost control issues they’ve seen and the strategies they’ve used to solve them.

Join us to learn:

What other departments are doing to get a handle on costs
How they’re critically evaluating new and current tools
What it means when budgets are flat but legal tech spend needs to go up
How the delivery and pricing of legal services may change with GenAI adoption
And more

The webinar will be broadcast November 12th at 11:00 AM CT. Sign up now and view live or on-demand any time afterward.

Speakers

Email Address*

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William Josten

Legal Marketplace Innovations Strategist

Thomson Reuters Institute

Kevin Armstrong

Advisor and Board Director

NeuroColor LLC

Derek Goodman

General Counsel and Corporate Secretary

Koch Companies

Bill Josten is the Legal Marketplace Innovations Strategist for the Thomson Reuters Institute. Bill consults with law firms nationally on issues related to law firm profitability, pricing and cost recovery. In previous roles with Thomson Reuters, Bill worked as a senior legal analyst, in account management with several large law firms, and as a Reference Attorney. Prior to joining Thomson Reuters, he was an attorney in private practice, an adjunct professor at the University of St. Thomas School of Law, and a clerk at the Minnesota Court of Appeals.

Kevin Armstrong is a seasoned adviser and board director with extensive expertise in financial services law, technology, regulatory compliance and corporate governance. He currently serves as an advisor and board member at NeuroColor LLC, a privately held neuroscience technology company. In addition to his role at NeuroColor, Kevin is a Distinguished Practitioner in Residence at Mitchell Hamline School of Law, where he advises students on careers as in-house counsel and lectures on the application of the law to transformative technologies including AI, cryptocurrency and blockchain technology. Kevin has held prominent positions across multiple industries, including roles as Chief Legal Officer, General Counsel and Chief Compliance in financial services and technology companies. Most recently, he served as General Counsel and Chief Legal Officer at Docupace Technologies. Kevin is a frequent speaker on topics concerning securities law, privacy, data security, public policy and college sports matters involving Name, Image & Likeness (NIL) for athletes. Kevin is a member of the board of directors at the Minnesota Opera and the influential Corporate Advisory Council for the Washington, DC based Congressional Black Caucus Foundation (CBCF). Kevin also serves as Board Treasurer for Owámniyomni Okhódayapi (formerly Friends of the Falls), a Minneapolis non-profit seeking to transform the abandoned St. Anthony Falls Lock and Dam site into a nationally recognized destination. Kevin holds a JD and BS from Rutgers University. Kevin is an avid golfer and has mastered the game of pickleball. He lives in Minneapolis with his wife and two children.

Derek Goodman serves as General Counsel and Corporate Secretary of Koch Companies. Based in Golden Valley, Minnesota, Koch Companies is a full-service, family-owned logistics and transportation firm with over 1,500 employees. Previously, Derek worked in the legal department of Expeditors International of Washington, Inc., a Fortune 500 freight forwarder based in Seattle, Washington, where he specialized in transportation, real estate, and procurement matters. His first in-house role was as a generalist in the legal department at Uline, Inc. in Pleasant Prairie, Wisconsin. Prior to his in-house career Derek focused on real estate and corporate litigation and transactional work at a boutique practice in Milwaukee, Wisconsin. Derek is originally from Milwaukee, Wisconsin, the son of an American father and Chilean mother, and grew up speaking Spanish in the home. He attended the University of Wisconsin for his undergraduate and legal studies, and resided in Santiago, Chile for some time. He lives in Minneapolis, Minnesota with his wife, two sons, and dog. He loves to play basketball, read science fiction, and get outdoors as much as he can.