Legal Buyers Taking Charge
Once you grab hold of the reins, don’t ever let go: “The corporate segment of the legal marketplace is a buyer’s market, and they are driving change. Legal consumers were once content to proscribe cost-controls…
Law Firms
What In-House Attorneys Want From Outside Counsel
Are law firms listening? “I’ve attended many panels where in-house counsel share their likes and dislikes, but in the last year the tone has changed. In-house attorneys are increasingly dissatisfied, they tell us, because they…
What Lawyers Can Learn from a Dollar Store Model
Whether you are looking at innovation inside your legal department or trying to follow the latest gyrations of your outside counsel’s delivery models, this post by Jaap Bosman points out a simple point – law is…
How Law Firms Can Serve As Way Stations for In-House Counsel
Law firms as temporary oases? Sonya Som of Major, Lindsey & Africa describes how a brief stint at a law firm can be a useful way station for lawyers transitioning to the next in-house opportunity:…
How Baby Boomers Destroyed the Legal System
Well, now that the election is over, at least we will have something new to argue about: “The American Bar Association tracks certain demographic information about lawyers. One of which is the age of lawyers. The…
What In-house Counsel Look For in Outside Counsel
Diversity, pricing and conflicts all factor in – the search is often not as simple as in-house counsel would hope: “Now more than ever, the relationship between inhouse and outside counsel is dynamic and complicated. ‘Looking…
Lawyers Believe they Work in the Most Stressful Profession
Unsurprising results from across the pond, but are lawyers really worse off than those in other jobs? “Nearly 70% of lawyers believe they work in the most stressful profession, according to research published this week. A…
Is $5,000 an Hour Next?
Forget $1,000 an hour or $2,000 an hour – how about $5,000 an hour? “The bull market in high-end work makes hourly rates defy gravity. The dramatic increase in clients’ need for complex and bet-the-company…
RFPs from Law Departments Hit 15-Year High
In-house law departments are not happy with the service they are receiving – and RFPs to aspiring outside counsel are now at an all-time high as a result: “More clients are using more RFPs to…
Legal Billing Rates – From $1,500 to $0 an Hour
The reports of near $1,500/hr. billable rates at large law firms have been swirling as of late as the ABA Journal reports: “Despite efforts by corporate clients to curtail legal expenses over the past decade,…