Panel management covers firm selection through formal processes, rate negotiation, performance monitoring, periodic review, and consolidation to preferred providers. It typically operates alongside guideline enforcement and spend analytics.
Many organizations have reduced panel size substantially to concentrate volume and improve leverage.
Alternative Names:
Counsel Panel Management, Firm Panel Program
Why it Matters?
Consolidation is the prevailing direction, which means fewer firms handling more volume at negotiated rates. For defense firms the implication is that panel position is increasingly determined by measurable performance and the ability to handle volume across jurisdictions, rather than by individual relationships. Firms that cannot produce data on their own outcomes and cycle times are evaluated on the client's data alone.
Frequently Confused with
Related terms
Frequently asked questions
Why are panels shrinking?
What determines panel retention?
