Avis Budget Group Recognized as a ‘Value Champion’ by the Association of Corporate Counsel
June 05 2017 - 2:30PM
Avis Budget Group, Inc. (NASDAQ:CAR) today announced that the
Association of Corporate Counsel (ACC) has named the Company a 2017
ACC Value Champion. Avis Budget Group’s Legal Department earned the
accolade for its Legal Transformation Program, which harnessed
technology and created a legal operations model that enabled the
Company to drive efficiency throughout the organization and realize
significant savings on its annual legal spend.
“This year’s ACC Value Champions demonstrate the positive impact
a strong law department has on the business and its bottom line,”
said Veta T. Richardson, president and chief executive officer,
ACC. “The law departments we honored created solutions to business
problems, initiated strong partnerships with external providers,
and created processes and systems to empower clients to access
self-service legal tools.”
Avis Budget Group’s Legal Transformation Program dramatically
reduced the number of law firms that represented the Company around
the globe from approximately 700 to a panel of seven firms. In
addition, it created innovative metrics that provide a much more
accurate way to predict and address future issues and allowed Avis
Budget Group to deliver significant cost-savings while handling
more matters year-over-year.
“Our initiative was based on a ‘win-win’ model with our panel
law firms. It not only reduced our legal spend, it also gave our
panel firms the ability to increase their profits by providing them
with the ability to better manage their partner-to-associate
utilization ratio on matters, leverage technology and incorporate
project management tools to increase their profitability while also
increasing the efficiency of the legal services they provide to
us,” said Michael K. Tucker, executive vice president and general
counsel, Avis Budget Group. “We are proud of our results and are
honored to be named a 2017 Value Champion. We thank ACC for the
esteemed recognition.”
A panel of ACC in-house counsel judges selected 12 companies for
recognition. The complete list of the 2017 ACC Value Champions,
along with additional details related to the Avis Budget Group
submission, can be viewed online at:
www.acc.com/valuechampions.
About Avis Budget GroupAvis Budget Group, Inc.
is a leading global provider of mobility solutions, both through
its Avis and Budget brands, which have more than 11,000 rental
locations in approximately 180 countries around the world, and
through its Zipcar brand, which is the world’s leading car sharing
network, with more than one million members. Avis Budget Group
operates most of its car rental offices in North America, Europe
and Australia directly, and operates primarily through licensees in
other parts of the world. Avis Budget Group has approximately
30,000 employees and is headquartered in Parsippany, N.J. More
information is available at www.avisbudgetgroup.com.
About ACCThe Association of Corporate Counsel
(ACC) is a global legal association that promotes the common
professional and business interests of in-house counsel who work
for corporations, associations and other private-sector
organizations through information, education, networking, and
advocacy. With more than 42,000 members in 85 countries employed by
over 10,000 organizations, ACC connects its members to the people
and resources necessary for both personal and professional growth.
By in-house counsel, for in-house counsel.® For more information,
visit www.acc.com and follow ACC on Twitter:
@ACCinhouse.
Contact:
Alice Pereira
(973) 496-3916
PR@avisbudget.com
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