Legal spend cost-savings
The Challenge
We can help with other types of cost-saving for family firms and family offices. One of these is expenditure on legal services. This is particularly relevant for a project outside a family's normal geography, such as buying a company overseas. It is also relevant for specific risks, such as employment law.
The Solution
Our legal
fee cost-saving partner, Kennedy Cater, will help you find, brief, negotiate
and manage the right legal providers to deliver the best possible solution
for the best possible cost. Their approach is to both reduce your spend and
improve your quality of advice. Importantly, they do this by working in close
support of your general counsel and your other in-house professionals.
The first step is usually a Legal Spend Review, which Kennedy Cater will undertake with a cost saving guarantee – no cost savings, no fee. Usually, they identify savings of 20%+ without any diminution in the technical support provided and seek to lock in these savings for a period of time.
Peter Morel – Co-ordinator of
Loedstar’s legal spend cost-saving initiative;
Co-Founder, Kennedy Cater
Based in London, Peter is a barrister and recognised expert in legal cost management. He passionately believes that legal spend can be controlled and managed. He works hard with clients and lawyers alike to deliver first class legal solutions at a fair price, deploying Kennedy Cater’s unique market knowledge and innovative pricing models.
Prior to founding Kennedy Cater, Peter variously worked as both a barrister and for a leading City law firm. The experience he gained in delivering legal services to clients inspired him to set up Kennedy Cater and informed the value proposition that it offers.
The first step is usually a Legal Spend Review, which Kennedy Cater will undertake with a cost saving guarantee – no cost savings, no fee. Usually, they identify savings of 20%+ without any diminution in the technical support provided and seek to lock in these savings for a period of time.
Co-Founder, Kennedy Cater
Based in London, Peter is a barrister and recognised expert in legal cost management. He passionately believes that legal spend can be controlled and managed. He works hard with clients and lawyers alike to deliver first class legal solutions at a fair price, deploying Kennedy Cater’s unique market knowledge and innovative pricing models.
Prior to founding Kennedy Cater, Peter variously worked as both a barrister and for a leading City law firm. The experience he gained in delivering legal services to clients inspired him to set up Kennedy Cater and informed the value proposition that it offers.
Case Studies
Specialist, added-value expertise
at reasonable cost to reduce the risk of acquisition
Family:
Family office investing in services for the person, acquiring care homes and hospitals for long-term ownership
Family office investing in services for the person, acquiring care homes and hospitals for long-term ownership
Challenge:
Previously investments were much more focused on financial services, so current legal advisors were less familiar with the industry
Previously investments were much more focused on financial services, so current legal advisors were less familiar with the industry
Result:
Identified a choice of specialist law firms with strong experience in sector
Identified a choice of specialist law firms with strong experience in sector
Cost certainty for the
day-to-day
employment law support
that a large business needs. The lawyers provide
commercial, practical and problem solving support.
Family:
Family firm with large number of employees
Family firm with large number of employees
Challenge:
Keeping up with the latest in employment law
Keeping up with the latest in employment law
Result:
Fixed price employment law solution in conjunction with a Partner-only boutique employment law practice for commercial, problem-solving support
Fixed price employment law solution in conjunction with a Partner-only boutique employment law practice for commercial, problem-solving support