An extranet for litigation management and $6 million saved by convergence (Tyco)

Inside Litigation, Winter 2006, describes much about Tyco International’s selection of Shook, Hardy & Bacon (SHB) as the company’s sole products-liability defense firm, including the arrangement’s extranet.

“Tyco and SHB have sole access to a secure extranet where a variety of case information is posted and shared, such as the case assessments [provided by SHB within 30 days of receiving a case], budgets, calendars and databases. The extranet includes a knowledge management database of pleadings and documents …”

As to the selection of SHB through competitive bidding, the article concludes by stating that Tyco “saved between $6 million and $7 million in the past year on product-liability litigation, while getting more for its money.”