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Managing your Relationship with External Counsel
Author: Steve A.Lauer
Year published: 2009
Pages: 115
ISBN: 978-1-906355-43-2
Price: £295 (£7.50 p&p)

 

 

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Managing your Relationship with External Counsel is a step-by-step guide to making a success of the complex relationships between corporate legal departments and the law firms they choose to provide outside counsel services.

Written from the perspective of in-house counsel, and with a multitude of contributions from in-house legal departments, the report provides invaluable insight into the requirements and wishes of your clients.

At a time when law firms are seeking to safeguard their most important client relationships, it is crucial to develop a clearly defined partnership strategy that provides the desired services and results - for both parties, and at the same time represents value for money.

Subjects covered in the report include:

  • Methods that assure the most appropriate selection of counsel;
  • Securing the best legal work at the lowest reasonable cost for the project;
  • Using a selection process that will improve the relationship between internal and external counsel;
  • How can internal counsel achieve the most "bang for their buck?"
  • Methods for ensuring improved performance;
  • Legal fees - moving from hourly based rates to alternative fee arrangements and which work best?
  • The benefits of case budgeting;
  • Effective management of multiple law firms;
  • Communication, reporting and metrics and their value to the success of the partnership;
  • Criteria by which organisations should evaluate outside counsel;
  • The use of technology to improve the relationship; and
  • What does the future hold for the relationship between in-house and external counsel?

The report includes case studies written by companies and individuals who have achieved exemplary levels of success in implementing strategies that maximise their outside counsel relationships. These include case studies, insights and contributions from the likes of KONE, Bank of New York, Wyndham Worldwide, NCR, Motorola, American Express, Prudential Insurance, and many more..

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