3-6 sentence

this is all i have for the questions

done in the past The following represent (very simplified) steps in the strategic sourcing process, Read each section & put your inputs in the yellow sections. Note: In reality most firms have a combination of internal/external, but for this exercise you have to identity Need Decide Make or Buy Select Arrangement Narrow Supplies Pool Select Supplier Negotiate & Implement Contracts d: As the firm's scale and revenues have grown, so too the volume of litigation has grown. The annual revenues and litigation expenses are shown below. The next few years are forecasted to continue similar growth patterns. Revenue vs Legal Costs 2% Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Gross Litigation Revenue Expense Legal (5000) (5000) of GR S 1,010 S 25 $ 1,714 $ 100 6% $ 6,858 $ 200 3% $ 10,543 $ 258 2% S 21,087 $ 890 4% 21,719 S 664 3% $ 43,439 $ 1,789 4% $ 44,742 S 1,587 4% $ 89,484 $ 2,734 3% $ 92,168 $ 2,816 3% $ 129,036 $ 3,343 3% $140,000 $120,000 $100,000 S80,000 $60,000 $40,000 $20,000 S 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Rev legal Series Series Senes-Series Series? M N 32 Make or Buy You have several friends who are executives at comparable firms in other regions of the country. About half of their firms have internal legal 33 teams, while the other half regularly use outside counsel. It seems a typical inside counsel (lawyer) makes about $150k/year salary (assume 34 $200k w benefits), and a firm your current size would likely need 12 lawyers. Looking at the annual spend analysis (above) and the approximate 35 costs of building an internal legal team, do you recommend hiring an internal team, or continuing to use outside counsel? Why? (provide 36 Enter your response here. Provide your choice internal or external), provide quantitative rationale, and other considerations that 37 influence your decision 38 39 40 41 42 Select arrangement: if you chose external, what pricing approach (T&M vs FFP) is reasonable? Why? Would you go with a single outside legal company, or 13 multiple? Why? 44 If you chose to po external write your considerations here. If you chose internal, simply write "I chose internal in this space 45 46 47 48 49 Narrow supplier pool. If you chose to po extemal, what considerations will you factor as you shortlist possible outside legal firms? 50 If you chose to go external write your considerations here. If you chose internal, simply write "chose internal in this space. 51 52 53 SS Select supplier 36 If you chose to po extemal, what selection process would you use? Why? you chose to to steal wite your considerations here. If you chose internal, simply write "I chose internal in this space 50 60 61 Negotiate Contract you chose external what would you emphasize Sheet1 Select supplier if you chose to go external what selection process would you use? Why? if you chose to go external write your considerations here. If you chose internal, simply write "chose internal in this space. Negotiate Contract if you chose external, what would you emphasize in the contract with the outside counsel? you chose to external write your considerations here. If you chose internal, simply write "chose internal in this space 4 Your engineering & construction firm has grown over the last 20 years, to the point where you occasionally face costly, high- risk litigation on large projects. The CEO is concerned about spending $aMillion on lawyers in 2020, and has asked you to tead an analysis of whether the firm should hire an internal legal team, or should continue hiring outside counsel as it's done in the past. The following represent (very simplified) steps in the strategic sourcing process. Read each section & put your inputs in the yellow sections. Note: In reality most firms have a combination of internal/external, but for this exercise you have to 9 10 11 12 13 14 15 Identify Need: 16 17 identity Need Decido Male or Buy Di Bul Select Arrangement Narew Supplier Pool Select Supplier Negotiate Implement Contract As the firm's scale and revenues have grown, so too the volume of litigation has grown. The annual revenues and litigation expenses are shown below. The next few years are forecasted to continue similar growth patterns. Revenue vs Legal Costs 18 19 20 21 22 23 Gross Litigation Revenue Expense (5000) (5000) $ 1,010 S 25 S 1,714 5 100 S 6,1585 200 $ 10,543 $ 258 $ 21,087 S 890 S 21.719 $ 664 $ 43,439 $ 1,789 $ 44,7425 1,587 S 89,484 $ 2,734 S 92.168$ 2,816 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sheet1 Legal% of GR 2% 6% 3% 2% 4% 3% 4% 5140,000 $120,000 $100,000 $80,000 S60,000 $40,000 520,000 5 H 24 25 26 27 28 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3% 3% -Series Series + 99 2020 $ 129,036 $ 3,343 3% Sets "Sere 30 31 32 Make or Buy: You have several friends who are executives at comparable firms in other regions of the country. About half of their firms have internal legal 33 teams, while the other half regularly use outside counsel. It seems a typical inside counsel (lawyer) makes about $150k/year salary (assume 914 $200k w benefits), and a firm your current size would likely need 12 lawyers. Looking at the annual spend analysis (above) and the approximate 35 costs of building an internal legal team, do you recommend hiring an internal team, or continuing to use outside counsel? Why? (provide 36 37 38 59 401 41 42 Select arrangement: If you chose external, what pricing approach (T&M vs FFP) is reasonable? Why? Would you so with a single outside legal company, or 43 multiple? Why? 44 If you chose to go external, write your considerations here. If you chose internal, simply write "I chose internal in this space 45 46 47 48 49 Narrow supplier pool if you chose to go external, what considerations will you factor as you shortlist possible outside legal firms 50 If you chose to go external write your considerations here. If you chose internal, simply write"I chose internal" in this space 51 52 53 54 55 Select supplier If you chose to go external, what selection process would you use? Why? 56 If you chose to go external, write your considerations here. If you chose internal, simply write" chose internal in this space 57 58 Narrow supplier pool: If you chose to go external, what considerations will you factor as you short-list possible outside legal firms? If you chose to go external, write your considerations here. If you chose internal, simply write" chase internal" in this space. Select supplier: If you chose to go external, what selection process would you use? Why? If you chose to go external write your considerations here. If you chose internal, simply write "I chose internal in this space 9 10 51 Negotiate Contract: If you chose external, what would you emphasize in the contract with the outside counsel? If you chose to go external write your considerations here. If you chose internal, simply write "I chose internal in this space. 63 54 65 66 need to decide whether to outsource a legal function, or perform it in-house. In the description questions, be sure to add sufficient detail to your responses to prove you understand course concepts and can apply them to the real-world. If you choose to perform it in-house, provide a strong rationale in the upper yellow block, then simply write "perform in-house" or "keep internal" in the lower yellow blocks. If you choose to outsource, write somewhere between 3-6 sentences (give or take) for each yellow block