A global investment and insurance firm engaged an ALSP to provide expert interim counsel and compliance consultants, addressing talent, budget, and geographic challenges.

Publicly-traded, global investment management and insurance corporation with a multitude of product lines, an institutional and individual client base and a legal department spread across these attributes. The Legal Department and Legal Operations sought a global – ALSP with the ability to provide expertise-driven, on-demand interim counsel and compliance consultants to address a range of talent, budget, geographic and process challenges.

The Challenge

A global financial services and insurance corporation was facing company-wide scrutiny regarding headcount, budgets and processes.  Their legal department had grown too reliant on outside counsel and lost grip of oversight for a variety of legal matters, knowledge management and budgetary control.  Their Legal Operations sought a partnership with an ALSP capable of offering specialized talent acquisition in the form of interim counsel with an additional focus on legal expertise pursuant to their industry and various financial benefits related to budget matters.

The Solution

Through a competitive process, MLA Interim Legal Talent presented a solution focused on a specialty-driven recruitment process to provide this global entity with legal expertise in the form of interim counsel while also cutting outside counsel spend by 2-5x (varying per matter). Given the wide-ranging needs and many decision makers, MLA Interim Legal Talent dedicated a team of Client Advisors, backed by a robust interim counsel - talent management group, to engage and manage a variety of interim counsel and compliance consultant requests.

The Results

An on-going, multi-year partnership with this Client has provided them with the flexibility, lowered outside spend and access to interim counsel expertise they initially required. Matters and roles satisfied have ranged from transactional and litigation attorneys to various specialty practice areas, including SaaS & technology, real estate, finance and investment management.  In partnership with their Legal Operations professionals, a streamlined process has evolved where our team of Client Advisors manages relationships across many key stakeholders with standardized process, pricing and protocols.  The Client has saved millions in spend and realized traditional outside partnerships and hiring no longer address modern issues for today’s legal and compliance departments.