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“Saving money” is usually the quick, ready answer that executives give when I ask them what drives their indirect spend management objectives. The truth is that most businesses fail to give spend management the strategic consideration it warrants. They may not have identified or communicated any...

Law firms that find and leverage the best information will always excel, but that requires great deal of time and effort. The good news is that firms have more research options and vendors to choose from. The bad news is that it’s becoming an increasingly difficult...

What would the start of a new year be without predictions? A few of the spend analysts at CCM took out their crystal balls and offer the following insights for 2017 regarding indirect spend. We welcome any feedback or questions you have about them. Spending uncertainty with new...

Annual budgeting is the yearly process in which every business unit submits its needs and desires in numerical format to the CFO, who decides which of them get funded. Successful organizations recognize spend management as an active part of the budget process, because the current needs...

Technology was the theme of the 15th Annual Law Firm COO & CFO Forum, yet an undercurrent of non-technological essential strategies emerged to assist law firms in these challenging times. Even accepting that technology investment is now 8% of overall law firm spend (having grown 5.7%...

The dramatic change in big law firms from being run as a hierarchical club to a true business is no more apparent than in the change in office configuration. Real estate is an expensive perk. After lawyer compensation, office space is the next largest expense in...

The playing field has changed for the top 5 makers of MFDs or multi-functional devices. These machines print, copy, scan and fax to paper or digital output, with advanced features like ethernet and wireless networking options and printing from mobile devices.

On June 6th, Cravath, Swaine & Moore LLP sent out a memo that it was raising associate compensation for the first time in nearly a decade. Last week the UK electorate voted in a referendum to exit the European Union. How are these decisions related?

International consulting and professional services company Deloitte recently published a global survey on the current state and future trends in purchasing legal services, based on research conducted between September 2015 and February 2016. Participants were legal or general counsel as well as CEOs and CFOs.