Managing Rate Increases: Getting Ready for Your 2024 Budget
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Your firms raise their rates every year – AmLaw 100 firms have pushed increases over 6% for the last three years, according to data from the Thomson Reuters Institute. Matters are getting more complex, global regulatory regimes are increasing their demands, and the climate for your business might not be as rosy as you’d like.

Are you ready to have a good discussion with your panel firms about 2024 rates, to make sure you can get the right work at a price your business can handle?

Learn how to use your past spending data to benchmark 2024 matters and negotiate lower law firm rates. Join Thomson Reuters for a webinar featuring industry experts who will share insights on how to optimize your spend management strategy for next year:

  • How to get started: setting rules & keeping them
  • Intermediate spend-management steps: benchmarking & proactive budget management
  • Advanced process improvement: becoming proactive & predictable, finding increased savings
  • And more
Register now and get ready for 2024!

Busy at this time? Register anyway! We’ll send you a copy of the webinar recording to watch at your leisure after the event has aired.

Kelsey Nicol
Thomson Reuters

In her current role for Corporate Legal Departments, Kelsey focuses on solutions that help law departments control cost, maximize efficiency and effectiveness, mitigate risk and demonstrate value. Prior to joining the Proposition team, Kelsey was a Sales Specialist with Legal Tracker where she consulted with in-house legal departments to introduce Legal Tracker; the industry leader of spend and matter management solutions. Kelsey also served as a Tracker Coordinator on Target Corporation’s Legal Operations team for eight years where she implemented alternative fee arrangements, firm diversity and firm scorecard initiatives.
Yolanda Fuhrmann
Legal Tracker Client Success Manager
Thomson Reuters

Before joining TR as a Legal Tracker Client Success Manager this year, Yolanda came to TR with an over 30-year career in the Legal Field in various areas of civil litigation. She has both law firm and in-house experience, having spent most of her career working for private law firms and most recently having worked as a Sr. Litigation Paralegal and Legal Ops Associate for a corporate in-house legal department. As the Sr. Litigation Paralegal, she collaborated with attorneys both within the company and outside counsel in defending claims throughout the United States. She assisted in facilitating and maintaining in-house counsel guidelines, policies and procedures and legal matter management technology. She is experienced in creating processes to assist in facilitating a more efficient workflow.

Currently, her role at Thomson Reuters is to use her expertise in the legal field and knowledge and use of Legal Tracker to help other corporate legal departments efficiently leverage the software to meet the needs of their legal team. Her focus is to assist tracker coordinators in finding solutions to manage busy legal departments, outside counsel spend and prepare detailed reports to be used by the executives. Yolanda lives in sunny Florida with her husband and 2 dogs (Lacy and Sparky). She is originally from New Jersey. She enjoys spending time with her grandbabies and travelling to different places with her husband.
Marcia Gold
Legal Operations Manager

Marcia Gold is the Legal Operations Manager at ADT LLC. In this role she selects and implements technology, drives efficiency and best practices, manages vendors, data analytics and financial reporting. She is also the company administrator for matter management, e-Billing, and e-Discovery.  Ms. Gold has been supporting ADT’s liability and commercial litigation for over 15 years.  Prior to joining ADT, Marcia worked as a paralegal at Shook Hardy & Bacon LLP in their Kansas City office.  Her Paralegal and BS Degrees are from Missouri State University.

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