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May 19 — The Association of Corporate Counsel May 19 recognized 12 companies for using strategic approaches to bolster the value of their legal services spending while reducing costs.
The 2015 “ACC Value Champions” include 3M, which managed to cut legal costs by almost 70 percent by working with contract attorneys to conduct document review for large cases instead of outsourcing the work to law firms.
Also honored was AIG, whose creation of a global operations center for enterprise legal needs generated more than $200 million in cost savings in 2014 alone.
The winners were selected from a group of 80 nominees by a panel of in-house counsel judges.
The ACC's release is available at http://www.acc.com/aboutacc/newsroom/pressreleases/acc2015value champions.cfm.
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