Blog: How to reduce litigation costs

cuttingcosts

Most companies go through a form of competitive tender process to appoint a claims legal panel. Often, despite lengthy tender documents, the decision comes down to reputation, previous (anecdotal) dealings, and, to a greater or lesser degree, price. The panel is appointed and then back to business as usual. Insurers need to take a step back and think about how they can leverage the information sitting with their law firms. By doing so, they could effectively manage the performance of their