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BT Law Limited – Innovation in the Legal Department Archana Makol

BT Law Limited – Innovation in the Legal Department Archana Makol

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Page 1: BT Law Limited – Innovation in the Legal Department Archana Makol

BT Law Limited – Innovation in the Legal DepartmentArchana Makol

Page 2: BT Law Limited – Innovation in the Legal Department Archana Makol

Who We Are

• The Legal Market is evolving • Offshoot of existing BT Legal team (BT Legal

team handles over 20,000 claims a year and brings in insurance revenue of £3.5m)

• Built to service own business with increased innovation, service, choice and value to customer.

• So ….If you do this well for yourself why not do it for others?

Page 3: BT Law Limited – Innovation in the Legal Department Archana Makol

Purpose / Goal

Purpose: Redefining legal servicesGoal: Growing BT Law to deliver sustainable revenue growth

• Seamless, end to end claims management for the full life of the claim, including litigation and legal advisory services

• Full UK coverage – business to business service

• Brand and reputation protection

• Trusted partner – putting the customer at the heart of what we do

Brand E2E B2B

Page 4: BT Law Limited – Innovation in the Legal Department Archana Makol

Our External Model

Clear relationship with BT

Subsidiary with Trading agreement

Managing compliance risk and conflict!

Secondment of resource with re-charge

Partner to other BT businesses

Flexible risk based pricing

Page 5: BT Law Limited – Innovation in the Legal Department Archana Makol

Pricing Models

• Fixed price per claim

• Hourly rate

• Claimant commission

• Claim stages

• All you can eat

Page 6: BT Law Limited – Innovation in the Legal Department Archana Makol

Why Do This At All?

• Move from a cost centre to profit centre• Creates opportunity to win B2B business• To support other BT bids • Licence brings positive external exposure • The upsides are potentially significant for our cost base and reputation

Page 7: BT Law Limited – Innovation in the Legal Department Archana Makol

Questions?