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Questions GCs Should Ask

by Editors on January 8, 2007

Want to get better service from your outside counsel? Asking the right questions at the outset will help, as a recent post at Prism Legal Consulting points out. Here are a few of the questions worth asking:

  • "Do you actively manage and budget matters? Just drafting a
    plan or budget causes lawyers to consider the flow of work, the
    possible scenarios, the resources required, and the likely time frames.
    The plan also serves as a valuable communications tool between the firm
    and law department. Spreadsheets are an easy-to-use tool for this. I
    have to do a budget for my boss, I want you to do one for me.
  • What’s your approach to managing discovery?
    I don’t an army of associates or contract attorneys manually reviewing
    gigabytes of documents? Make sure your firm uses the appropriate
    approach to search and identify relevant documents. Increasingly, this
    means concept searching or other sophisticated software that reduces
    the number of documents lawyers must review.
  • Transactions are expensive – how do you keep costs down?
    I’m coming to you for high stakes deals. I expect you to have the
    routine aspects of my transaction down pat. Do you have document
    assembly, master forms, checklists, interactive tools, or other systems
    that make you efficient for for the routine elements of my deal?
  • Do you regularly perform early case assessments?
    Before diving into a new matter, it makes business sense to assess the
    stakes, the public relations value, the potential to settle, and the
    possibility of ADR. A formal process might include the use of formal
    risk analysis tools (decision trees) to quantify the value and
    consulting jury verdict databases to help assess potential damages."

Link: Strategic Legal Technology :: January :: 2007.

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