[EDITOR'S NOTE: After the global financial crisis, cost-cutting has become the No. 1 priority for corporate legal departments. Part III of a five-part Corporate Counsel series on controlling outside legal costs focuses on measures taken by Tyco. Click here to read Part II.]
As a highly diversified manufacturer, Tyco International Ltd. sees plenty of lawsuits every year. About five years ago, the company decided to switch almost all of its outside legal work over to an alternative fee structure, says David Nicholas, senior litigation counsel.
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