Standardized Work, Cost Cutting Alter GC Relationship With Outside Counsel

Proof positive of the standardization and commoditization of legal services is in the behavior of corporate counsel toward their outside law firms: They are taking bids, asking for discounts, shopping around for lower-cost options and doing more work themselves — much the same way their operational counterparts make purchases from other vendors. And that trend — boosted by rising rates and falling stock prices — ultimately will affect how law firms are run.

Standardized Work, Cost Cutting Alter GC Relationship With Outside Counsel

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Other posts:

1. Corporations Spend More on In-House Lawyers, Less on Outside Firms
2. Nine ways to Improve your Outside Counsel Guidelines
3. GCs Embrace Outsourced Work
4. Private Equity Firms Increasingly Hire In-House Counsel
5. A Radical Approach to Legal Cost Control

Tagged as: Law Department Management