One Simple Question that Can Unlock Millions in Legal Savings
October 2025
Posted by
David McVeigh
Long before becoming the CEO of Axiom, I was a partner at McKinsey. As a management consultant, I came to appreciate the power of simple frameworks to help identify opportunities to improve efficiency and effectiveness. These opportunities were almost always hiding in plain sight.
At Axiom, we’ve identified a straightforward yet incredibly effective logic model that can help in-house teams unleash huge savings opportunities. These savings can, in turn, help fund strategic initiatives (AI), expand team capacity, and accelerate a team’s transformation from being a necessary cost center to a celebrated value creator.
GCs recognize the need to rethink budgets more than ever. Our recently published Axiom-Harris Poll 2026 Budget Study found that 49% of legal departments have already started evolving budgeting from a risk management/cost-center mentality to driving more value, with another 36% planning additional changes in 2026.
💡Uncover the key trends shaping in-house strategy and what they mean for the year ahead.
The framework we identified is an easy and reliable way to get significantly more value from your budget. We call it the “250 Hours Rule,” and it boils down to one simple question: “Where do you have individual timekeepers from your law firms who are billing 250 hours a year or more?”
Most GCs don’t actually know until they ask, since 250 hours is around 5 hours a week and below their approval threshold.
Here’s why asking this question is so effective. Let’s say an average law firm associate charges around $800 an hour. Engaging that lawyer for 5 hours a week will cost approximately $200,000 over a 50-week period. Depending on the size of the legal team’s budget and the number of lawyers the team engages at that level, those outlays can add up fast and quickly drain the budget.
What’s more, if the law firm is billing your organization 250 hours for an associate’s time over an entire year, it’s likely the work he or she is doing is relatively routine and doesn’t justify the heavy price tag.
This type of “run the company” work is exactly in Axiom’s sweet spot, and we do it with experienced, AI-empowered attorneys who have the highest client satisfaction scores in the industry—at a fraction of what you pay your law firm for the same work.
Take the scenario above and now imagine paying an Axiom attorney—who is as good or better than the law firm associate—$350 an hour. The difference might seem slight for a short-term engagement, but over a 50-week year that’s $100,000+ in savings.
That, of course, is $100,000 the in-house team can allocate elsewhere. And by “finding your 250 hours” across the team, you might find multiple $100,000s or more that can be saved once you start looking. This can easily reach into millions in legal cost savings for Fortune 500 in-house teams.
The bottom line: Use the 250 Hours Rule to find law firm engagements consuming 250 hours or more for “run the company” work. Then take that work—and any future work expected to require 250 hours or more annually—and switch it to Axiom. It’s like swapping out an incandescent light bulb with a high-efficiency LED that does the same job for pennies on the dollar.
Discover Cost Savings
Get a free consultation & assessment to identify work that could be shifted from law firms to Axiom lawyers, and the actual cost savings you'd get from shifting that work.
Posted by David McVeigh
David McVeigh, Chief Executive Officer at Axiom, has over 30 years of experience in business leadership, management consulting, and private equity portfolio company management. Prior to Axiom, he served as Gartner, Inc.’s Executive Vice President, Global Business Sales, and as a member of its operating committee. There, he led a global sales organization responsible for $650M in revenue of subscription-based research and advisory services. Prior to Gartner, Mr. McVeigh was a Managing Director at Hellman & Friedman, an Operating Partner at The Blackstone Group, and a Partner at McKinsey & Company. David graduated from Columbia University with a Master of Business Administration (M.B.A.). He also holds a master’s degree in Chemical engineering from Stanford University and a bachelor’s degree in chemical engineering from Lafayette College.
Related Content
How the Top Seven Percent of Legal Teams Prove AI ROI
100% of legal teams are increasing AI spend, but only 7% can prove ROI. Learn the strategies top-performing legal teams use to scale AI successfully.
AI-Generated Marketing Content Compliance: A Checklist for Legal Teams
Learn how legal teams can streamline AI marketing compliance with a practical checklist for risk, review workflows, disclosures, governance and AI use.
Washington My Health My Data Act & Other Privacy Frameworks
Learn how Washington's My Health My Data Act compares with HIPAA and state privacy laws, who must comply, and what businesses need to do.
5 Forces Reshaping the Legal World Gradually, Then Suddenly
Five converging forces are reshaping the legal market—from AI and capital investment to rising costs and buyer power. GCs now have the upper hand.
How to Implement Legal AI: 5 Principles for In-House Teams
Discover five proven principles for successful legal AI adoption and implementation, from training and governance to pilots, measurement and human oversight.
What Is Shadow AI? The Growing Risk Inside Legal Departments
Learn what shadow AI is, why it puts legal departments at risk, and how to govern AI with clear policies, approved tools, training, and oversight today.
How AI-Enabled Legal Teams Are Transforming M&A Due Diligence and Contract Review
Discover how AI-enabled legal teams accelerate M&A due diligence and contract review while combining legal expertise with AI for faster, smarter results.
APAC Regulatory Fragmentation in 2026: What In-House Legal Teams Need to Know
APAC regulations are diverging fast. Learn how in-house legal teams can prioritize compliance, manage risk, and adapt to evolving rules.
AI Privacy Risks: What Legal Teams Need to Know Before Employees Use Public AI Tools
Legal teams face growing AI privacy risks. Learn how public AI tools can expose sensitive data, impact privilege, and create compliance challenges.
The Legal Profession Isn’t Ready for What's Coming: Richard Susskind's Unfiltered Take from Axiom's London Event
Richard Susskind shares a candid vision of AI's impact on law, urging legal leaders to prepare now for AGI, disruption, and transformation.
The Era of the Law Firm Panel is Ending
Law firm panels were built for a different era. Today's GCs need a dynamic portfolio of law firms, ALSPs, AI, and in-house talent to source work strategically.
Legal AI’s ROI Mirage
Legal departments are investing heavily in AI, yet most can't prove its value. Explore the ROI gap revealed in Axiom's 2026 AI report.
How Legal Departments Can Prove ROI from AI Implementation
How legal departments can measure and prove AI ROI with practical frameworks, key metrics, and strategies for turning efficiency gains into budget impact.
We Were Both Wrong About Legal AI. Here’s What Changed Our Minds.
Learn how Axiom's CTO and DraftPilot's CEO went from legal AI skeptics to believers—and the three assumptions they think most legal teams still get wrong.
What Are Export Controls? ITAR & EAR Explained
Export controls explained. Learn the differences between ITAR, EAR, and OFAC, key compliance risks, enforcement trends, and what businesses need to know.
Legal Project Management: Improve Efficiency and Control Costs
Learn how legal project management improves efficiency, controls legal costs, strengthens communication, and delivers predictable outcomes.
What Is Legal Tech? A Guide for In-House Legal Teams
A clear guide to legal tech for in-house teams—what it is, key tools, benefits, and how to implement it to boost efficiency and reduce costs.
Contract Lifecycle Management and Why Legal Teams Need It
Contract lifecycle management helps legal teams streamline contracts, improve visibility, reduce risk, and accelerate workflows across the entire lifecycle.
- North America
- Must Read
- Expertise
- Legal Department Management
- Work and Career
- Perspectives
- Corporate & Commercial
- Legal Technology
- United Kingdom
- Australia
- Hong Kong
- Singapore
- State of the Legal Industry
- Technology & AI
- Central Europe
- Legal Operations
- Legal Support Professionals
- Projects
- Regulatory & Compliance
- Tech+Talent
- Data Privacy & Cybersecurity
- Talent Spotlight
- Technology
- Secondments
- Global
- Specialized Advice
- Axiom in the News
- Finance & Capital Markets
- Healthcare & Life Sciences
- Intellectual Property
- Law Firms
- Recruitment Solutions
- Cost Savings
- Featured Talent Spotlight
- GC Report
- Diversified Financial Services
- Labor & Employment
- M&A & Divestitures
- Budgeting Report
- Energy
- Investment Banking
- Banking
- Construction
- Consulting
- Consumer Packaged Goods
- In-House Report
- Manufacturing
- Materials
- Pharmaceuticals
- Professional Services
- Retail
- Transportation
- AI Survey Report
- Aerospace & Defense
- Automotive
- Business Services
- Consumer Services
- DGC Report
- Education
- Food & Beverage
- Hospitality
- Insurance
- Litigation & Dispute Resolution
- Private Equity
- Public Sector
- Real Estate
- Telecom
- Utilities
- Media
- TEST TAG NAME CHANGE
Get more of our resources for legal professionals like you.