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Procurement Market Intelligence Report

Business Law Services in Canada
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Business Law Services in Canada?

What is the average price of Business Law Services in Canada?

This procurement report includes pricing information to help you purchase Business Law Services in Canada. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Business Law Services in Canada been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Business Law Services in Canada yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Business Law Services in Canada?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Business Law Services in Canada with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Evaluate major factors to mitigate risk

How risky is the Business Law Services supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Service Performance

  • What checks and balances are in place to ensure that my case has received a thorough evaluation? Who completes these checks and identifies errors?
  • What is your reputation among clients? What steps have you taken to develop this reputation?
  • What credentials and certifications do you hold?
  • How do you ensure compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA)?
  • Do you have clients that are willing to provide references on your behalf? If so, how can I get in contact with them?

Employees

  • How do you keep your wage costs under control?
  • What is the average tenure of your attorneys? Do you have trouble with turnover?
  • Are attorneys permanently assigned to clients, or do clients work with different attorneys for each case?
  • How long has each member of the team you are proposing for this case been working with you?

Competition

  • How do you attract new clients and retain existing ones?
  • How does your firm maintain a competitive edge?
  • Has your firm completed any acquisitions during the past three years? If so, how did this expansion affect your business model?
  • What is your reputation among your customers and peers, and how have you developed it?

Sourcing across North America?

Combine Canada Spotlight Reports with our US Market Intelligence to bolster your North American strategy

Key elements for every RFP

What should my Business Law Services in Canada RFP include?

Project Budget

  • Buyers should specify their total budget for the service.
  • Buyers should state their preference for a pricing model (e.g. fixed price, fixed time and materials, etc.).

Selection Criteria

  • Buyers should prioritise law firms that are located nearby to reduce lead times.
  • Buyers should ask for a list of references from current and former clients.

Project Schedule

  • Buyers need to indicate the date when proposals are due.
  • Buyers should indicate the date by which the service must commence.
  • Buyers should specify the desired contract length and the potential for contract renewals.