We started the week with an interview with Deloitte about its Thomson Reuters alliance, now we end the week with the Big Four firm signing a co-operation deal with PERSUIT, a legal tech company that helps clients to improve how they procure outside legal providers and that can also reduce their legal spend.
The company states that it can help clients to reduce legal spend by up to 37%…..! Which seems like a lot, but that statement should certainly get the interest of General Counsel from across the world.
Deloitte’s Legal Business Services team, which provides help for legal departments in the area of outside spend management and legal procurement transformation, will help clients to leverage PERSUIT’s capabilities. Additionally, Deloitte will provide technical implementation support for PERSUIT’s platform, as well as offer project management and analytics to inhouse legal teams.
Steven Walker, managing director, Legal Business Services, Deloitte Tax, said: ‘Drawing on Deloitte’s deep capabilities in legal spend management, paired with PERSUIT’s capabilities to transform the process of engaging law firms and reducing legal costs, in-house legal departments can better navigate the process of outside counsel selection and management. We look forward to teaming with PERSUIT to meet the evolving needs of in-house legal departments.’
Jim Delkousis, CEO and founder of PERSUIT, added: ‘By using PERSUIT’s technology, legal teams can generate material cost savings and improved diversity outcomes quickly, and accelerate the competitive bidding process through a simple, scalable technology workflow to select the most suitable law firm for a particular matter or portfolio of matters. Teaming between Deloitte’s spend management team and PERSUIT’s team and capabilities is a watershed moment in this space.’