BMO Recognized for Challenging Its Lawyers to Find Efficiencies
Legal Feeds, the blog of Canadian Lawyer Magazine and Law Times, reports that BMO Financial Group has been named a 2015 ACC Value Champion. The article notes that BMO Financial Group took a grassroots approach to efficiency, sourcing 40 ideas through an "Innovative Team Challenge." The article goes on to add that the best ideas resulted in a standardized regulatory compliance review process that eliminated the need for 60 percent of business reports, and through the use of value-based fees, the department reduced legal spend on employment litigation matters by 30 percent. To read the full article, visit www.canadianlawyermag.com/legalfeeds.