A Matter Management RFP is a powerful tool. Matter management systems vary widely in capabilities, user-friendliness, and most significantly - costs. Evaluating systems is time consuming and requires expertise many legal departments prefer not to invest major resources in. Selecting the wrong system can be risky and costly.
Matter Management Request for Proposal (RFP)
Matter Management Request for Proposal (RFP): Objectives
Managing legal matters has always been a priority for corporate legal departments. Effective matter management can be achieved with the help of a matter management software solution, but with so many vendors on the market, choosing a software vendor is no easy task. When used properly, Requests for Proposals (RFPs) offer a powerful tool for corporate legal departments to evaluate software solutions for the best fit.
Our extensive experience within the legal industry has proven again and again that no two legal departments are ever the same; Argopoint therefore offers specialized assistance to corporate legal departments throughout the entire RFP process. Our advanced industry knowledge allows us to understand even the most sophisticated legal organizations' needs and requirements when selecting a matter management solution.
Matter Management Request for Proposal (RFP): Overview
With so many different vendors in the legal technology space, choosing the best matter management solution is anything but a matter of course. Each corporate legal department has its own unique demands, and there is no one-size-fits-all matter management solution. A matter management RFP is therefore a powerful bridge for the gap between a legal department's requirements and a software solution's capabilities. A thorough RFP process has two distinct advantages in enabling a legal department to select the best fit vendor: it not only captures the distinct requirements of a legal department, but also provides a platform for fair and unbiased comparisons between different vendors.
Matter Management Request for Proposal (RFP): Solutions and Savings
At Argopoint, we have found that not all matter management solutions are created equal - but that these differences can be difficult to discern when buried beneath the neatly packaged marketing materials that software vendors provide. A comprehensive matter management RFP peels away the layers of marketing to reveal the decision-grade data underneath: the functional capabilities that differentiate competing matter management solutions. By asking each vendor a standardized, yet tailored to your legal department, set of questions, the best fit solution can be found. At the same time, the RFP process can serve as an effective basis of comparison to help you find the most cost-effective matter management solution.
Key Questions for Corporate Legal Departments Considering Matter Management Requests for Proposals (RFPs)
1. How does your legal department evaluate and select from among potential matter management solutions?
2. Does leadership within your legal department feel that there are other matter management solutions that are capable of producing the same, or better, services at lower costs but has difficulty locating them?
3. Does your legal department feel that matters are managed inconsistently across various practice areas? Is this a result of imperfect information distribution and communication?
4. What is your legal department's plan for migrating from legacy applications to new matter management solutions?