Raffi Kodikian Talks Litigation Management and Why the Right LM Process Is So Important

Raffi Kodikian

October 11, 2021

Raffi Kodikian Talks Litigation Management right LM Process Is Important

An accomplished senior executive with a history of success in the insurance industry, Raffi Kodikian counts litigation management among his diverse areas of expertise.

Litigation Management Understood

A leading San Francisco insurance broker and practice leader with a particular focus on lawyers professional liability, Raffi Kodikian has found that many of his clients don’t firmly understand what litigation management (LM) actually is. He can’t blame them though, because the definition of the term has changed significantly over the years.

Litigation management originally referred to the broad spectrum of measures that businesses and other organizations can take in an attempt to control legal costs. Today, the term has diversified to mean various things in various industries.

In the world of the claims adjuster, for example, litigation management is closely tied to general risk management and driven by a range of financial factors. To an attorney, however, litigation management involves compiling large amounts of information associated with a particular case and organizing this information in a logical order that is worthy of courtroom presentation.

A leading risk management and legal authority, IRMI (International Risk Management Institute) offers a concise and accurate definition of this misunderstood but critical field.  Calling litigation management “the application of management principles to the litigation process and to an organization’s use of outside lawyers,” IRMI adds that it “Includes components of planning, controlling, organizing, implementing, and monitoring in the context of legal services and costs.”

Raffi Kodikian Identifies the Ways That Litigation Management Helps Companies

Any company that needs to collect and manage information due to impending litigation can benefit from an experienced litigation management professional. This is true whether the company is suing another entity or being sued themselves.

For maximum productiveness and return-on-investment, Raffi Kodikian recommends optimizing litigation management at all phases of the litigation discovery process including written discovery, depositions, document productions, and motion practice. Litigation management professionals can also prove helpful outside of litigation in areas that range from record retention to legal holds.

Generally speaking, litigation management offers critical assistance when it comes to…

  • Organizing data
  • Retrieving documents
  • Managing deadlines
  • Coordinating communication
  • Tracking cases
  • Calculating expenses
  • Controlling legal costs

The Big Picture When It Comes to Litigation Management

In a world defined by rapid technological evolution and increasingly complex legal entanglements, effective litigation management is an absolute must. Although insurers often assure customers that they provide litigation management as a standard claims service, too many employ flimsy LM operations that simply fall short.

It is vital to ensure that your company has a litigation management plan in place that is both explicitly targeted and appropriately comprehensive. In the words of Smart Business contributor Adam Burroughs, “proper management of information is critical before and after a trial, and can save money, time and heartache for everyone involved.”