Brightflag's Alex Kelly on Using Data and Analytics to Make Better Legal Spend Decisions

Episode 104 of the The Geek In Review podcast, hosted by Greg Lambert & Marlene Gebauer, titled "Brightflag's Alex Kelly on Using Data and Analytics to Make Better Legal Spend Decisions" was published on February 4, 2021 and runs 37 minutes.

February 4, 2021 ·37m · The Geek In Review

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Summary

When it comes to what clients spend on legal services, there are savvy purchasers who look to manage their legal spin based on value and data-driven analytics. And there are those who simply just pay the invoice. Alex Kelly, co-founder, and COO of Brightflag talks with us about how they use AI and data analytics to help savvy corporate counsel and in-house legal teams make better decisions on how they purchase legal services. Brightflag recently announced a $28 million funding round from OnePeak, and Alex, along with co-founder Ian Nolan is looking to expand the team at Brightflag and help their customers with monitoring and controlling their legal spend and identify ways to focus on the value they get from their outside legal counsel, rather than just the hours of work. Information Inspirations Coca-Cola is apparently tired of its outside law firms not improving their diversity numbers. Since the firms won't do it on their own, Coke is laying down the law to force them to diversify their attorney ranks or lose out on Coke's business altogether. While many law firms are announcing record profits, that isn't stopping some from using the pandemic as a reason to restructure their workforce and begin reducing salaries and cutting jobs. The restructuring wave looks like it will continue through 2021. While we see some value in the new social media platform, Clubhouse, Brian Inkster from The Time Blawg gives 12 reasons why it really isn't for lawyers. Goodwin Proctor LLP is just the latest law firm to find itself exposed to a data hack. This time it was through a vendor, and we may not have heard the last of which other firms might be affected. Listen, Subscribe, Comment Please take the time to rate and review us on Apple Podcast. Contact us anytime by tweeting us at @gebauerm or @glambert. Or, you can call The Geek in Review hotline at 713-487-7270 and leave us a message. You can email us at [email protected]. As always, the great music you hear on the podcast is from Jerry David DeCicca. Links: Are You Managing Legal Spend or Merely Paying Bills? Brightflag Product Update: Diversity & Inclusion Module Tighten Legal Cost Control With Brightflag’s New Budgeting & Forecasting Features The Complete Legal Cost Control Checklist Brightflag on LinkedIn

Episode Description

Information Inspirations

Coca-Cola is apparently tired of its outside law firms not improving their diversity numbers. Since the firms won't do it on their own, Coke is laying down the law to force them to diversify their attorney ranks or lose out on Coke's business altogether.

While many law firms are announcing record profits, that isn't stopping some from using the pandemic as a reason to restructure their workforce and begin reducing salaries and cutting jobs. The restructuring wave looks like it will continue through 2021.

While we see some value in the new social media platform, Clubhouse, Brian Inkster from The Time Blawg gives 12 reasons why it really isn't for lawyers.

Goodwin Proctor LLP is just the latest law firm to find itself exposed to a data hack. This time it was through a vendor, and we may not have heard the last of which other firms might be affected.

Listen, Subscribe, Comment

Please take the time to rate and review us on Apple Podcast. Contact us anytime by tweeting us at @gebauerm or @glambert. Or, you can call The Geek in Review hotline at 713-487-7270 and leave us a message. You can email us at [email protected]. As always, the great music you hear on the podcast is from Jerry David DeCicca.