Wyatt Partners specializes in assisting major corporations mastering the art of litigation including the development of litigation plans and strategy, litigation budgeting and monitoring, cost reduction, vendor management, technology solutions and litigation readiness. Our professionals not only have extensive experience prosecuting and defending complex litigation, but also in developing programs specifically designed to reduce and avoid the legal fees and costs that can cripple a corporation, especially in today's market.
Wyatt Partners' motto and mission are one and the same: substantial and dramatic reductions in litigation fees and costs are easily achievable through a comprehensive, focused, and structured Litigation Budget and Support Program.
During the consulting process with Wyatt Partners, a company will set itself on the road towards efficiency and cost-reduction through a two-part process. In the first part of the process, Wyatt Partners will assist in the establishment of a company-specific, tailored, focused, yet flexible Litigation Budget and Support Program. Once this Program has been implemented, a company receives Wyatt Partners' guidance to re-invent its relationships with outside counsel and third-party vendors in furtherance of litigation cost reduction.
Step I: Wyatt Partners will guide a company toward establishing and administering a Litigation Budget and Support Program.
- Comprehensive evaluation of current litigation process and costs;
- Implementing a cost-efficient Budget and Management Process;
- Establishment of Litigation Planning process and monitoring system;
- Creating a Budget Committee utilizing company personnel from the corporate law department, finance department, technology department, strategic sourcing, and other outside resources as appropriate;
- Implementing a written Budget Charter committed to costs savings, efficient billing procedures, and implementation of the latest technological financial reporting tools;
- Implementing a set of guidelines regarding the legal spend, and for the hiring and monitoring of outside law firms' legal fees and costs; and,
- Development of evaluation for the selection and retention of third-party vendors.
Step II: Armed with the new Litigation Budget and Support Program, a company learns to re-examine its professional and financial relationships with outside counsel and third-party vendors. Now, it can embrace the power of "being the client" with better control of the litigation process and related costs.
- Hire law firms appropriate for the specific litigation;
- Negotiate and monitor fee agreements;
- Manage the legal spend within predefined budgets;
- Identify and manage data collected and processes;
- Develop pre-litigation strategies which will reduce future costs of litigation;
- Identify and gain proficiency and control of external variables known to foster inefficiency and higher costs (i.e., technology, the E-Discovery process); and,
- Eliminate internal behaviors that unnecessarily increase legal fees.
Visit our representative case studies and services for a closer look at how Wyatt Partners
helps clients moving forward.
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