Pearson PLC has used global law firm panels and an alternative services provider to cut nearly 25% of its legal spend over three years, according to the education company’s chief legal officer Cinthia Nespoli.
The company mandated the budget cut in 2017 as part of a broader effort to increase efficiency. The law department partnered with Morae Global, an ALSP, to streamline transactional work while also culling its list of outside counsel to three panels and a preferred providers list.
Bloomberg Law is conducting a Q&A series highlighting some of the legal industry’s most important relationships: the often fruitful but ...