One “leading indicator” of legal market trends is who consulting firms are hiring. Today, Hildebrandt announced that two sourcing experts join the firm.
According to the May 8th press release, “Christopher Petrini-Poli and Nicholas Quil will join Hildebrandt, heading up the firm’s new global Strategic Sourcing & Supply Chain Practice.” Brad Hildebrandt notes that “strategic sourcing counsel can save law firms as much as 35 percent of their non-salary expenses.”
I have long thought that large law firms underutilize technology outsourcing. With prominent consultants carrying the torch, firms may examine their options more systematically. CIOs need to stay on top of the “strategic sourcing” trends. And perhaps they should propose options before the choice is foisted on them.