Frequently Asked Questions (FAQs)
Tap the Market™ is an independent, secure, platform that puts all of your external lawyers at your fingertips online
A platform that will help save you fees by introducing competition, speed up lawyer selection, identify expertise in jurisdictions you do business - and even help keep internal audit happy.
A platform that is free to use by clients – no impact on your IT or Legal budget.
Compare expertise, assumptions, exclusions and fees instantly side by side on one screen.
Drive value and savings through instant competition.
You are in control – there is no 3rd party filtering.
One set of instructions.
You receive tailored and harmonised proposals from external lawyers directly to your own secure dashboard.
On desktop or mobile.
You can then compare the proposals and instruct your chosen lawyer directly from your dashboard.
All trackable and all auditable.
Use your own existing lawyers or we can assist with selection.
You have a command centre for your lawyers that puts you in control, produces data to manage by, saves money and justifies selection and fees.
With over 25 years’ experience delivering and procuring legal services around the globe we can help you locate the right expertise for your work.
Let us do the hard work in creating a roll call of lawyers for you to choose from.
If you have favoured lawyers, by automating the selection process using Tap the Market™ you also ensure you find the right expertise at the right time amongst those lawyers – with a record to justify selection and data to help you manage the ongoing relationship.
Tap the Market™ is a platform that puts all of your external lawyers at your fingertips online see more
Tap the Market™ is a platform that puts all of your external lawyers at your fingertips online.
It introduces competition for each and every instruction and market forces drive true value.
Compare expertise, assumptions and fees instantly side by side on one screen.
Free to use by clients.
You are in control – no 3rd party filtering.
One set of instructions.
You receive tailored proposals from external counsel directly to your own dashboard.
On desktop or mobile.
Other benefits include:
- Speed , no more numerous emails and differently formatted responses to wade through and try to harmonise;
- An auditable track record of all your instructions – keep compliance and audit colleagues happy;
- Delivers data for external law firm relationship management;
- Even on existing law firm panels it speeds up the process and ensures fairness and transparency;
- Tap the Market™ is law firm agnostic – you are in control of the whole process.
With experience on both sides of the fence, both as law firm partner and general counsel, the Tap the Market™ platform has been designed to speed up the process of law firm selection and drive value to the benefit of both the client and the law firm.
The flows have been designed to assist in-house counsel to swiftly and uniformly create and send instructions to multiple law firms; to collate, compare and contrast all of the responses and to directly appoint the successful lawyer – all from desktop or mobile.
In-house counsel are given a dashboard from which you can control all instructions, responses, appointments and collate data to justify lawyer selection and to help manage the ongoing client/lawyer relationship.
Speed, no more numerous emails and differently formatted responses to wade through and try to harmonise.
Fee savings, introduce competition for each and every instruction and market forces drive true value.
An auditable track record of all your instructions – keep compliance and audit colleagues happy, well happier.
Delivers data for external law firm relationship management.
Free to use by clients.
Even on existing law firm panels it speeds up the process ensuring fairness and transparency (please see below answer on panels as well).
Tap the Market™ is law firm agnostic – you are in control of the whole process.
The experience as a partner of an international law firm and general counsel of a global hospitality company delivering and procuring legal services globally for over 25 years has shaped TaptheMarket™ as the practical online tool available to you.
We understand that sometimes only a multinational big ticket law firm will do.
Other times an agile individual working professionally remotely, whose done it 1000 times before, may be what’s required.
With Tap the Market™ you decide. You are in control with the platform and the lawyers at your fingertips.
We will help you maximise the promise of panels and boost efficiency amongst firms you ordinarily work with.
We talk to a lot of law firm partners and they often have the same story : we get on a panel (often at great expense) and we just never get our ‘fair share’ of the work – we don’t even get the opportunity to showcase our skills when work is put out externally by the client.
If that is the case, it seems probable that the potential benefits of a panel aren’t being fully realised.
Tap the Market™ enables you to engage with your panel firms for each instruction, ensure fair and transparent competition, and helps maximise the full potential of your panel.
It helps build relationships through the openness and transparency of the process and the data that the platform generates from each instruction.
You can add your existing roll call of lawyers and instruct just them.
You can access lawyers that are pre-qualified and registered on the platform in the specific areas of expertise.
You can combine the two – put instructions out to your panel PLUS to additional firms that are on or can be placed on the platform with the required expertise.
Tap the Market™ also helps identify law firm expertise when you go into new and unfamiliar areas of law or jurisdictions – let us do the hard work for you around the world.
Using Tap the Market™ :
- Tests the legal market, showcases talent in all jurisdictions you do business;
- Ensures healthy competition in your process;
- New Drives value and savings;
- Identifies true expertise;
- It’s an independent, unbiased and transparent service;
- Easy to use and monitor from your dashboard on mobile or desktop;
- Data for ongoing law firm relationship, compliance and audit purposes is generated;
- And it’s free to use by you the client.
We have experience across the globe sourcing external lawyers.
Please contact us and we can assist when you have legal work in new and unfamiliar territories. We will firstly seek to understand your requirements and then we will create a roll call, or panel, of lawyers that you can receive proposals from on the platform.
You will be in complete control as to who you appoint. The process is a fair, transparent and competitive.
Tap the Market™ is free to use by clients.
Our fees are derived from the successful law firm.
Yes it does. The same functionality is available with both.
Each client has an individual dashboard from which it can receive proposals, compare and contrast the responses and then instruct the successful law firm.
The platform and the system exists to deliver the expertise that you need at any given time.
We discuss your requirements and then source the expertise you require.
If you have a roll call of lawyers that you ordinarily use , the platform increases the efficiency of their utilisation through automation and speeding up of process, a systematic and consistent approach, instant accessibility, evident competition to drive value and production of data for compliance and relationship management purposes.
Large international law firms, national firms and ‘new’ law providers are working with clients on the platform.
Are there any other questions you would like to see answered here? Please email them to email@example.com