Tame Outside Counsel Spend: UBS Shares Its Award-Winning "Smart Sourcing" Framework

Wednesday, February 7, 2024 11:00 AM EST (4:00 PM GMT)

In 365 days, UBS’s global legal team demonstrated over 15% savings on legal spend using its “Smart Sourcing" framework for engaging outside counsel.

Now UBS’s Global Head of Outside Counsel Management, John Burke, shares the repeatable process that helped them do it.

The discussion will offer practical takeaways and “how to’s” for legal teams at every size and stage in their legal ops journey, including: 

• UBS’s “total cost of legal” approach to managing outside counsel spend
• Why they started with OCM sourcing instead of e-billing, invoicing, matter management, and other commonly prioritized tech solutions
• The UBS smart sourcing decision tree for engaging outside counsel that legal departments of any size can (and should) steal 
• The cost savings, data, and improved governance that UBS’s legal team is now able to share with its key stakeholders

“It’s what you do at the beginning of a matter that dictates what you pay at the end.” 

Moderated by PERSUIT’s Director of Legal Advisory, Laura Spalding.