Fargason Book on Managing Legal Counsel, Reducing Legal Fees Available Now

cover of Fargason book on reducing legal fees

“Legal Services: Auditing the Process, 2nd edition” 

February 18, 2016

BATON ROUGE – “Legal Services: Auditing the Process, 2nd edition,” the latest book by LSU Flores MBA Program and Department of Finance Senior Instructor James S. Fargason, is now available on Amazon.com and other book retailers.

By Fargason’s account, many organizations do not effectively manage legal counsel. His book details how the efficiency of in-house and external legal counsel can be improved through a review of their respective processes. It also provides for a systematic approach and gives illustrations of how the review of counsel can be performed with a moderate amount of resources.

Fargason writes that even simple analyzes and small changes in processes can dramatically reduce risks associated with legal counsel, including:

  • Loss of assets
  • Increase in liabilities
  • Lost revenues
  • Increased costs and expenses
  • Damage to reputation

The book includes a significant amount of controls and tests organizations may want to consider executing when reviewing legal counsel workflow.

Fargason holds the Lee D. and Cynthia C. Bloch Distinguished Professorship in Business Law at LSU. He has extensive experience in the areas of valuation, process improvement, supply chain management, financial services and strategic planning. He has served on faculty at three nationally known research universities, won several teaching awards, and published works in the areas of auditing and accounting.  He has also worked with numerous Fortune 500 companies in the area of process improvement.

About the Department of Finance
The Department of Finance is a Chartered Financial Analyst (CFA) Program Partner and a Certified Financial Planner (CFP) Board-Registered Program that offers high quality curricula to undergraduate and graduate students interested in careers in corporate finance, asset management, real estate, insurance, banking, financial planning and business law. The department boasts internationally renowned research faculty in several areas, including derivatives, asset management, banking and spatial econometrics. The department’s Securities Markets Analysis Research & Trading Lab boasts the Bloomberg Professional service, the platform used by more than 300,000 leading business and financial professionals worldwide to make informed business decisions, and an extensive library of financial data bases including the Wharton WRDS System. Additionally, the department encourages, supports and conducts research in real estate by housing the nationally renowned Real Estate Research Institute. For more information, visit our home page or call 225-578-6291.

About the Flores MBA Program
The mission of the LSU Flores MBA Program is to remain competitive in the national and regional markets, while fostering learning, leadership and networking in a global business environment. Full-time, professional, executive and online tracks are offered and provide schedule flexibility for those wishing to pursue their MBA from a nationally recognized program. For more information, visit the Flores MBA home page or call 225-578-8867.

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Angela McBride
LSU E. J. Ourso College of Business