Economic Climate Brings Together Legal Industry Entrepreneurs

June 23, 2010 - PRLog -- Legal industry entrepreneurs Joe Freedman and Courtney Sapire join forces to launch RFx Legal™, the first online procurement application tailored by lawyers for the legal industry.  

The economic climate has brought about some radical changes in corporate spending habits, and in particular, spending on legal services.  According to Freedman, “over the last several years, law firms and corporate legal departments have attempted – with limited success -- to increase efficiencies and reduce the costs of legal services. But as the severity of the recession intensified, these aims became imperatives.”   RFx Legal addresses those imperatives.

With two decades of experience in the legal services industry working with Fortune 1000 and large law firms, Freedman and Sapire were acutely aware of the challenges facing the industry.  Citing the recent 2009 ACC/Serengeti “Managing Outside Counsel Survey,” which revealed that controlling outside legal spend is the number one priority for in-house counsel, Ms. Sapire emphasized that “RFx Legal is delivering the right solution at the right time. As a proven way of reducing costs while increasing value, our legal spend management solution will yield meaningful results for companies and other buyers of legal services.”

RFx Legal currently has offices in Nashville, TN and Austin, TX.  Plans for additional offices in New York, NY and Houston, TX are underway.

About RFx Legal™

RFx Legal delivers the first online procurement application tailored by lawyers for the legal industry.  Solving the #1 pain in the legal industry, the RFx Legal application reduces outside legal spend and increases revenue predictability for service providers. The RFx Legal software application helps organizations make strategic decisions on how to save and spend valuable resources.  As the category leader for legal spend management, the RFx Legal platform helps buyers of legal services analyze legal spend, source appropriate legal service providers, automate the RFP process, and negotiate rates. Similarly, sellers of legal services can respond to RFPs more quickly and efficiently, gain access to new work opportunities, and strengthen relationships.

RFx Legal is a trademark of RFx Legal, LLC. All other products and brand names are trademarks or registered trademarks of their respective owners.

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RFx Legal™ offers supply chain technology that helps legal departments drastically reduce their spend on outside counsel.