Extract from Frank Ready’s article “The RFP Tool Revolution is Happening—Just Very, Very Slowly”
There are plenty of reasons for law firm and legal departments to use legal industry-specific request for proposal (RFP) tools—but whether they actually are using those solutions or not remains something of a question mark.
While automated tools can help organizations expedite certain facets of the RFP process, allowing them to analyze, compare and respond to proposal requests at a faster clip, it remains uncertain whether corporate legal departments are actively engaging with RFPs at all or simply relying on a time-tested list of favored law providers.
