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Predicting Litigation Costs – Can’t Outside Counsel Help?

by Editors on July 5, 2013

Predicting litigation costs is an essential role for many in-house counsel – and many understandably rely on their outside counsel for guidance. Why are so many unwilling to provide meaningful help?

Tomorrow, I’ll be going into a meeting with the folks from finance, and they’ll ask me: “How much are we going to pay in the Smith case, and in what quarter?” [Note to accounting purists: We’ll assume that we could reasonably win Smith, so liability is not probable.] To be sure that I have the most informed opinion possible, I call outside counsel and cleverly ask: “How much are we going to pay in the Smith case, and in what quarter?” And outside counsel starts the usual spiel…

Read: What Outside Counsel Don’t Understand at Above The Law

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