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Tag Archives: value challenge

ACC Value Champions: Benefits Extend Far Beyond Numbers

Posted in Value & Innovation

Guest Blogger: Catherine J. Moynihan is Director of Legal Management Services at ACC, where she helps inside and outside counsel advance skills in managing the legal function. @CathJMoyn The ACC Value Champions are managing the heck out of legal spending — analyzing cost drivers, converging law firms, in-sourcing, targeting key goals, resourcing flexibly — in… Continue Reading

Ten Rules for Proving Your Value

Posted in Value & Innovation

Being valuable is like being a lady.  If you have to tell people you are, you aren’t. – Margaret Thatcher In-house counsel must be focused on providing value in today’s corporate legal environment. Failure to do so likely will have adverse consequences for your career. So, I offer these 10 “rules” to help you prove… Continue Reading

We Are the (Small Law) Champions (of Value-Based Fees)

Posted in Value & Innovation

Guest blogger: Russ Dempsey is vice president and chief legal officer for United Retirement Plan Consultants. Russ has been recognized as a 2012 ACC Value Champion. He is the immediate past president of the Central Ohio Chapter of the ACC. Russ holds both a JD and an LL.M. in taxation from Capital University Law School…. Continue Reading

The Fastest Way to Get Promoted

Posted in ACC Docket, Career

Guest Blogger: Bill Mordan is senior vice president and general counsel for Reckett Benckiser Group plc. It won’t be your awesome intellect. Your inspiring presentations are not enough. Even your striking good looks won’t push you over the top. If you want to get promoted fast, there is only one method for certain success: Save… Continue Reading

Choice of Counsel As Risk Management

Posted in Value & Innovation

Guest Blogger: Cheryl Solomon was the global general counsel of the Gucci Group, based in London, England, from 2004 to 2011.  She relocated to the San Francisco Bay Area in 2011 and is currently acting as general counsel to Kidlandia Inc., a technology start-up with its own cartoon characters (called Kreechurs) focused on providing deeply… Continue Reading

Why Alternative Fee Arrangements Aren’t the Answer

Posted in Value & Innovation

Guest Blogger: Cheryl Solomon was the global general counsel of the Gucci Group, based in London, England, from 2004 to 2011.  She relocated to the San Francisco Bay Area in 2011 and is currently acting as general counsel to Kidlandia Inc., a technology start-up with its own cartoon characters (called Kreechurs) focused on providing deeply… Continue Reading

Revenge of the Value Champions

Posted in Value & Innovation

Do you remember the end of the iconic movie, Revenge of the Nerds, when Lewis takes the mic from Gilbert and suggests that more of us are nerds than jocks? The pretty cheerleader exclaims she’s a nerd too; most of the crowd joins Lewis, Gilbert and his nerd fraternity brothers in an effort to end… Continue Reading

It’s No Surprise: It’s All About Value

Posted in Value & Innovation

ACC’s 2011 Chief Legal Officer Survey was unveiled at this year’s Annual Meeting in Denver. The annual survey and the resulting AM CLO session offered important insights for in-house counsel. I can’t tell you, though, that I was surprised by the results or discussions that followed. They included: CLOs are concerned with regulatory issues that… Continue Reading

A Value-based Client-firm Relationship: Part XVI

Posted in Value & Innovation

Post 16  Our Successes, Lessons Learned and Parting Thoughts Week 16. Each week via the In-House ACCess blog, follow the promise and pitfalls of forming a new value-based client-firm relationship. ACC Value Challenge steering committee member Ken Grady, General Counsel and Secretary of Wolverine World Wide, offered to profile his selection and start-up process of… Continue Reading

2010, THE YEAR OF CAUTIOUS OPTIMISM FOR IN-HOUSE COUNSEL

Posted in Miscellaneous

ACC Board Members See Opportunities in the Midst of Greater Regulatory Scrutiny, Increased Client Demands & Efficiency Directives in the New Year As 2009 comes to a close, some will look back on the past year disheartened by the economic upheaval that occurred, while others will look ahead with cautious optimism, confident that in the… Continue Reading

ACC President Shares Some Thoughts on the ACC Value Index

Posted in Value & Innovation

The recent launch of the ACC Value Index at ACC’s 2009 Annual Meeting generated significant interest and commentary, including both praise and criticism.  We welcome these comments because they not only further the attention and discussion about value in the delivery of legal services (a primary goal of the ACC Value Challenge), but they will also help… Continue Reading

Random Observations & Indelible Memories

Posted in ACC Annual Meeting

 Each year, as ACC’s Annual Meeting concludes, I’m always struck by the interesting and substantive new information I discover.  Inevitably, people say things – or I observe or participate in events – that leave me with much to think about.  This was my 18th annual meeting and it was no different. Throughout our time in Boston,… Continue Reading

Working Together to Make the ACC Value Challenge Work

Posted in Value & Innovation

 “Automating broken processes won’t make us smarter; it can make us stupider faster.” ~ Steven Levy Participating in a panel discussion at the International Legal Technology Association (ILTA) conference last month was yet another opportunity for me to engage in a discussion about the ACC Value Challenge.  But, instead of speaking to in-house counsel and… Continue Reading

The ACC Value Challenge —Technologists, Yes, this Means You, Too

Posted in Value & Innovation

“Your problem is to bridge the gap which exists between where you are now and the goal you intend to reach.” ~ Earl Nightingale  Accountability, efficiency and value — three words that are reverberating throughout the legal services industry these days.  In-house counsel are being held accountable by their companies to contain costs and predict… Continue Reading

An Act of Altruism or a Cry of Pain

Posted in Miscellaneous

Recently, a colleague sent me an article from Forbes entitled “Kill the Billable Hour”. The author was a self proclaimed trial lawyer from a large law firm began by telling his readers how he was able to charge a lot for each of his hours and he could bill as many hours as he wanted… Continue Reading