Legal Benchmarking Process | Legal Department Metrics

Winmill takes a unique approach to benchmarking, gathering and sharing data that tends to be much more detailed for a client’s particular industry, in response to individualized concerns. His clients don’t want to know what hundreds of other legal departments are doing – they want to know if their top five competitors are tackling the same concern.

Legal Benchmarking, Legal Metrics: Data

September 2012

By J. Pribek

Unless you’re in a very new in-house, you’ve likely heard of benchmarking.  It’s the use of statistics or metrics gathered from other corporate legal departments to measure costs, efficiency, and more. Now, more than ever, it’s time to start benchmarking, from a pair of consultants to law departments of all sizes.

In these tough economic times, the savings that can be realized are enormous, according to Jason Winmill of Boston-based legal consulting firm Argopoint. His benchmarking reports typically identify a minimum of one to four million dollars in savings opportunities. These are savings that surpass the cost of the consulting at ten to twenty times over.

Winmill takes a unique approach to benchmarking, gathering and sharing data that tends to be much more detailed for a client’s particular industry, in response to individualized concerns. His clients don’t want to know what hundreds of other legal departments are doing – they want to know if their top five competitors are tackling the same concern.

While Winmill often works with larger enterprises, that kind of information can be obtained by and is extremely valuable for law departments of all sizes. 

Argopoint Weighs In

Often leading corporate legal departments fail at improving performance and enhancing cost-effectiveness because they look primarily inward, rather than outward, for solutions. We offer an impartial perspective, without predispositions to the status quo, which enable us to conduct best-in-class legal benchmarking exercises. Our benchmarking exercises are based on empirical evidence, unfiltered by biases or loyalties, to assess the relative strengths of a corporate legal group and diagnose areas for corrective action.

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