Farming out legal work is a delicate balance of personal and professional relationships, budget management and hunting for first-class legal expertise. At many companies, the prevailing mindset is: the bigger the firm, the better the representation. Though legal work often flows to the largest law firms, companies don't always lock into one full-service megafirm for all their legal needs. There's room for solo practitioners to carve a niche, even with some big-name businesses.
April 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
When a merger created Shelton, Conn.-based Clayton Holdings Inc. in 2005, General Counsel Steven L. Cohen suddenly was in need of an outside counsel upgrade.
As a smaller company providing analysis and consultation to companies that buy, sell and manage loans, Clayton Services had utilized Bell, Boyd & Lloyd, a mid-sized firm in Chicago, as its general outside counsel.
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