Corporate law departments are increasingly separating new matters into one of two buckets of legal work: routine/basic and higher value/risk. There is a clear division: black and white—no shades of gray.
“Maybe you shouldn’t say that routine work is being commoditized,” said a lawyer-friend with a frown. “Attorneys can be a bit sensitive.” But once she read the Business Dictionary’s definition of commoditization, she was convinced that although the word commoditization might seem...
When choosing outside firms to handle legal matters, a new survey indicates corporate law departments are not necessarily knocking on the doors of the largest 50 U.S. law firms, instead going to those that are a somewhat smaller—but still “large enough.”
The “CounselLink Enterprise Legal Management Trends Report,”conducted by LexisNexis division CounselLink, looked at data collected from more than two million legal invoices, covering 300,000 matters. The report concluded that corporate...
Lawyers who lead corporate law departments often have a do-not-hire list of banned law firms, even if it’s not committed to writing.
IBM general counsel Robert Weber is no different. There are about 10 law firms and 10 individual lawyers he refuses to hire, the American Lawyer reports. He explained why in an interview with the publication.
“The first sin is pretty simple,” the story says. “Forget what all those business development gurus say. Don't solicit Weber's corporate counterparts...