For the first time in three years, in-house counsel say that reducing outside legal spending is their first priority, according to a study released at the ACC meeting in Boston. Jeffrey Carr, GC of FMC Technologies, talked about how companies can start doing more alternative fee arrangements. “Once you decide to go down this path, there’s only one question you need to ask law firms,” Carr says. “Will you do this? Yes or no. If they say no, they are free to work elsewhere. Draconian? Yes. Effective? Absolutely.”
[via Law.com - In-House Lawyers Talk Tough on Getting Firms to Mind the Bottom Line.]
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