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FSS Industry Internal law departments report that 30%-50% of their annual budgets are spent on outside counsel fees. This has always been the cost of doing business for Insurance companies, impacting the Heads of Corporate General Council, CFOs, COOs and others, not to mention the bottom line. That is until now. But did you know that advances in cognitive computing and reading unstructured data have been shown to generate savings of 22%-30% in annual outside council spend? In one case, an Insurance client with over $1.3 B in legal per year in legal counsel spend was shown a savings of almost $400 million over two years using IBM Watson.
View this on-demand webinar to learn:
Brian Kuhn, Esq.
Cognitive Legal Co-Leader
Associate Partner, Cognitive & Analytics
Consultant, Editor Emeritus