On Monday, my partner Nicole Auerbach and I announced the launch of ElevateNext, which will work alongside Elevate Services, a best-in-class law company. And with Elevate, we announced our collaboration with Univar, a Fortune 500 chemical and ingredient distribution company, to reduce its legal spend by 50%. Many have followed our time with Valorem. I am grateful for the sustained interest in our work at Valorem, and so I wanted to share the thinking that went into the creation of ElevateNext.
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Prevention
Prevention Is The Answer To The Question of How Law Departments Can Do More With Less
By Patrick Lamb on
According to a survey of corporate counsel at large U.S. corporations reported by Law.com, nearly 70% of law departments expect their annual operating budget to be flat or decrease in 2017.
Let me say that again—nearly 70% of law departments expect that annual operating budget to be flat or decrease in 2017. And we…
Is Prevention the Next Important Step in Law Department Development Evolution?
By Patrick Lamb on
Posted in Prevention, Trends and Innovations
We created ValoremNext, in part, because we believe that prevention has to become the next focus for law departments. More with less is now the New Normal, but there are finite limits on the ability to do more without more. But if legal problems can be avoided in the first place, the amount of more…
Consulting? A natural way to share the many lessons we’ve learned over the years.
Something interesting happened recently. Jeff Carr, Nicole Auerbach and I consulted with a client about how to improve the law department’s performance and save money. Shortly afterwards, Nicole and I consulted with a law firm about moving to alternative fee arrangements. The interesting thing was that we found ourselves enjoying being consultants. We found,…
Valorem Law Group’s Press Release regarding Jeff Carr
By Patrick Lamb on
September 8, 2015 FOR IMMEDIATE RELEASE
Iconic General Counsel Jeffrey Carr to Join Valorem Law Group
Chicago, IL – Jeffrey W. Carr, former General Counsel of Fortune Top 500 FMC Technologies, Inc. has joined the Valorem Law Group to lead ValoremNext, a platform designed to diminish the need for legal services by preventing problems before…
Prevention: The next step in the (r)evolution of law
By Patrick Lamb on
Posted in Client Service, Prevention
In the beginning, we solved problems but did so inefficiently and unpredictably. That was Old Law. Most clients don’t like Old Law because they are under budget and performance pressure.
Then we learned to be efficient and predict the cost of solving a problem. This was New Law. Most clients embraced New Law because it…