Request for Proposals (RFPs) often make or break a law firm's quest for new business. The LMANE19 Regional Conference includes a session addressing how RFPs are changing the way corporate legal departments are managing their budgets for outside counsel.
On May 17, LMA’s New York Group hosted a lunch program on RFPs. Panelists discussed how to prepare a strategic approach to respond to RFPs for legal services and that managing the process and tactical/responsive pricing may result in markedly improved success rates.
Gathering answers to arcane questions in a tight time frame is hard enough without having to worry about how it all reads. Every document you create is a reflection of the firm, including the 500-character limit response to Specification 6.a.2 on the third tab of Exhibit B.
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The procurement department's growing role in the purchase of services including legal services has driven the use of request for proposals (RFPs) in the legal industry. This approach to sourcing goods and services is process driven and focuses on cost, transparency and accountability.
The LMA Think Tank Committee is conducting a survey of legal marketing professionals and law firm management professionals to explore their perspectives on the variety of ranking products in the market today.
We are looking for a qualified service provider to work with us on this project.