Dissecting Procurement and Asset Management in the Legal Industry – The LexFactor

Lexicon Brand Manager Lauren Hoffmann and Chief Information Officer Brad Paubel host The LeXFactor, A Lawfully Good Podcast. In this episode, they are joined by Lexicon Director of Procurement and Asset Protection Chris Alexander to discuss the business of procurement and asset management in the legal industry.

Acquiring and managing assets for law firms is more than just stocking notepads and paperclips. Chris talks about what procurement entails in the legal industry and how law firms trust legal service companies, like Lexicon, to make smart financial decisions with their purchases.

Chris describes the process of identifying the wants and needs of a law firm, in order to make the best purchasing decisions possible, as well as all of the intricacies of streamlining a supply chain of services catered specifically for the legal industry.

Chris highlights the procurement assessment process and describes how the COVID-19 pandemic has affected procurement, asset management, and supply chains that are necessary to maintain a safe work environment.