Partnering with Your Legal Counsel to Reduce Costs and Improve Your Bottom Line

This is a Complimentary 3-Credit CLE  As economic forces drive corporations to more aggressively control legal costs, both commercial leaders and general counsels are carefully considering how to manage their legal portfolio through a combination of (a) reducing litigation, commercial and employee related risks before a controversy arises, and (b) managing outside counsel to drive efficiencies, either through billing arrangement or the use of metrics and billing arrangements, to manage those controversies when they do arise. Sophisticated corporations are actively working to integrate their inside and outside counsel into their commercial processes, by embracing the in-house legal function and integrating legal resources into their commercial teams, as well as monitoring outside counsel, including requiring budgets and status reports on a regular basis – in addition to demanding bespoke billing arrangements and discounts. Listen as our panel of attorneys – who have both in-house and outside counsel experience – as well as former HR professionals, offer strategies and best practices for driving profits to your bottom line by effectively reducing risk and selecting and working effectively with outside counsel.