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Procurement Market Intelligence Report

Employment Law Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Employment Law Services?

What is the average price of Employment Law Services?

This procurement report includes pricing information to help you purchase Employment Law Services. 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 Employment Law Services 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 Employment Law Services 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 Employment Law Services?

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 Employment Law Services with a reduced risk of unexpected costs.

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

Find the vendor to meet your needs

Where can I purchase Employment Law Services?

ProcurementIQ estimates that there are about 24,900 suppliers of employment law services in the US market. The market is highly fragmented because most law firms offer services within a limited geographic scope, which restricts revenue growth. Thus, the top four vendors account for less than 30.0% of the market’s revenue.... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Reputation

Have you had any major complaints from past clients? How have you dealt with these complaints?

Do you have clients that are willing to provide references on your behalf? If so, how can I get in contact with them?

Have you had any previous experience with clients that operate in my same industry?

What is your process for obtaining feedback from clients?

How do you ensure the quality of your employment law services?

Competition

How do you attract new clients and retain clients?

What incentives do you give to long-term clients to stay with your firm?

How long have you served your longest client and what have you done to keep their business?

How does your law firm maintain a competitive edge?

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Key elements for every RFP

What should my Employment Law Services RFP include?

Project Budget

Buyers should request a fee schedule displaying the hourly rates of attorneys that may be involved with the case.

Buyers should describe the pricing model they expect to use (time and materials or retainer-based) and any budget estimates they may have.

Buyers should include their preferred payment schedule.

For help creating a budget an assessing prices and price ranges for employment law services, buyers can consult the Benchmark Price section of this report.

Selection Criteria

Buyers should look for suppliers that have significant experience providing employment law services.

Buyers should ask for a list of references from current and former clients that address providers’ qualifications and professional competence.

Buyers should give preference to vendors that can meet their budget requirements.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should give a due date for proposals and state when award information results will be provided.

Buyers should define the length of the contract and disclose their preferred options for extensions.

Evaluate major factors to mitigate risk

How risky is the Employment Law Services supply chain?

The supply chain risk for employment law services is low. Providers of employment law services procure the majority of their inputs from computer wholesalers, copier wholesalers and office furniture manufacturers, which all pose low levels of risk. For example, rising import penetration among these upstream suppliers has made low-cost alternatives... Subscribe to learn more.

HIGH

MEDIUM

LOW