Outside Counsel and Alternative Legal Service Providers (ALSPs) play a vital role in empowering legal operations teams to excel in managing expenses and allocating resources, particularly during times of economic uncertainty. This session combines traditional law firm budgeting practices with innovative outsourcing strategies to establish effective panels, improve RFP methodologies, and utilize data-driven insights for resource management that delivers cost-effective savings. With valuable insights from legal operations experts at McDonald's and Ford Motor, you'll be equipped to redefine the standards of external resource management and transform potential challenges into tangible opportunities for strategic growth in legal operations.