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Infographic: Balancing the Prospect for Litigation Cost Savings

Balancing the Prospect for Litigation Cost Savings

“There are some easy steps an organization can take to take to keep litigation costs down, but they just aren’t taking them,” wrote Corporate Counsel.

The article focuses on one of the most interesting findings in a recent litigation cost survey focused on Property & Casualty insurance companies.   It’s a “balancing act” line of business where legal metrics, efficiency and law department operational maturity are incredibly important.

According to the survey, the opportunity for improvement rests in the delta between those departments that find certain cost control techniques effective and those departments that do not use them.

The infographic nearby – this week’s Friday Share – neatly summarizes the data.  In addition, a complimentary copy of the complete report, in PDF format, is available for download with registration here:  LexisNexis Property & Casualty Claims and Litigation Cost Containment Survey.

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Infographic Balancing the Prospect for Litigation Cost Savings-small

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7 Ways to Prove the Value of the Legal Department

Photo credit: Flickr, Sean Freese, Day 338: “Balancing act” (CC BY 2.0)

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About Frank Strong

Frank Strong
Frank Strong is the communications director for the LexisNexis software division located on NC State’s Centennial Campus in Raleigh. In this capacity, he leads communications efforts in support of software products for law practice and law department management and also litigation tools – across large law, small law and corporate counsel segments. With more than 15 years of experience in the high-tech sector, Strong previously served as director of public relations for Vocus, which developed marketing, PR and media monitoring software. He has held multiple roles both in-house with corporations, ranging from startups to global organizations, and has also endured the rigors of billable hours, having completed gigs at PR firms including the top 10 global firm Hill & Knowlton. A veteran of two year-long deployments, Strong has concurrently served in uniform in reserve components of the military for more than 20 years, initially as an enlisted Marine and later as an infantry officer in the Army National Guard. Strong holds a BA in Film and TV production from Worcester State University, an M.A. in Public Communication from American University, and an M.B.A. from Marymount University. He is a PADI-certified Master Scuba Diver and holds a USPA "B" skydiving license.