Honeywell International Inc. no longer has a single white-shoe Wall Street law firm on its panel of preferred outside firms, which has shrunk from about 100 firms to 13 as part of an effort that began about a year ago.

The project, which is part of a collaboration with general counsel collective AdvanceLaw, has helped Honeywell increase diversity among its outside counsel. The effort also has allowed the Charlotte, North Carolina-based company to better manage outside counsel spending, according to general counsel and senior vice president Anne Madden. 

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