Procurement teams in law firms are in a prime position to help the firms manage costs, detect and mitigate risks, implement effective internal controls, pivot rapidly when circumstances change, and achieve the firm's overarching strategic goals. By centralizing and strengthening the procurement function, creating a culture of agility and promoting supplier diversity, law firms can prepare for the future and maximize the potential of the procurement function.
This article was originally published on Law360.
- Cost & spend management
- Managed services
- Outsourcing
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