Thomson Reuters

Quantifying the benefits of spend management: Generate ROI with Legal Tracker

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Corporate legal departments are looking for practical spend management technology that can solve real problems and provide tangible ROI. To make a persuasive case for investment in a new spend management system, the corporate legal department must first outline sources of efficiency gains, the potential return on investment (ROI), and the operational benefits that will result from using the software.

The Forrester Consulting Total Economic Impact™ study of Legal Tracker- using a model proven over twenty years to help business technology customers build financial analysis for their decisions – can help your department make that business case.

Join Kelsey Nicol, Director, Go-to-Market Strategy & Planning for Thomson Reuters, for a conversation featuring guest speaker Matthew Carr of Forrester, as they delve into the Forrester Consulting Total Economic Impact™ study commissioned by Thomson Reuters, which examined the potential ROI that can be realized by deploying Legal Tracker.

In this webinar, you will learn how Legal Tracker helped ease the burdens on customers’ corporate legal departments and provided a 372% three-year risk-adjusted ROI for a modeled composite organization representative of interviewed customers who use Legal Tracker for their legal departments by:

Lower timekeeper rates, with average annual increases in timekeeper rates dropping from 12% to 5%, resulting in savings of $2.5 million
More efficient review and management of invoices, resulting in a 60% productivity improvement and savings of $161,000
Improved visibility, translating into savings of $398,000

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Kelsey Nicol

Director, Go-to-Market Strategy & Planning

Thomson Reuters

In her current role as the Go-To-Market Strategy Director for corporate legal departments, Kelsey focuses on solutions that help legal departments control cost, maximize efficiency and effectiveness, mitigate risk and demonstrate value.

Kelsey has been with Thomson Reuters for six years and has a long history in the legal operations space - first working as part of the Legal Operations team at Target Corporation for 8 years before joining the Thomson Reuters Legal Tracker sales team. For the last four years, Kelsey has brought Thomson Reuters solutions for corporate legal departments to life, closely partnering with sales and customer success on go-to-market strategies and enablement. During her time at Target Kelsey led the alternative fee arrangement program as well as law firm diversity and firm performance scorecard initiatives. She has a Bachelor’s of Science from New York University and an MBA from the University of St. Thomas.

Matthew Carr

Consultant, TEI at Forrester

Matthew Carr is a consultant for the Total Economic Impact™ (TEI) practice at Forrester. He works with technology clients to quantify the costs, benefits, and ROI associated with technology investment. He received a PhD from Columbia University and a BA from the University of Michigan.