The generation that lived through the Great Depression might now have an advantage when it comes to managing a budget for a corporate law department — or anything else, for that matter — according to Susan Hackett, general counsel and senior vice president for the Association of Corporate Counsel. The GCs’ GC offers a few frugality tips for consideration. At the top of the list: Don’t ask outside counsel for a discounted rate or a freeze on fees.
Click ACC Offers Tips on Weathering Economic Storm to head over to Law.com to read the article.
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I think the emphasis needs to be on having a little more creativity in the legal profession as we approach projects and billing plans. Both in house and outside counsel can work together to improve the billing environment and increase the productivity of our relationship.