Legal Dive: Legal spend tools expected to gain greater traction [2023 Outlook]

A growing number of general counsel and legal operations professionals are embracing legal spend management technology in hopes of taking a more proactive approach to monitoring their law firm expenditures.

These tools enable legal teams to closely review outside counsel spend throughout the course of a project, and providers say they expect to make greater inroads in the market during a year in which many economists have predicted a recession.

“Legal spend is too big a line item not to have a pragmatic and proactive way to manage it, especially when the markets are turning,” said Nicholas d’Adhemar, founder and CEO of legal spend management tool Apperio.

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