In 2004, when Tyco International selected Shook Hardy & Bacon as its sole provider for product liability litigation services, nearly 455 cases were transferred from 167 law firms to SHB using an alternative fee arrangement.
The consolidation of firms to a single provider on a flat fee was a significant undertaking and required a leap of faith by all parties involved. As Judy Reinsdorf, general counsel for Tyco will attest, the relationship has since grown in strength and reputation as an example of how an alternative fee arrangement can work for both in-house counsel and a law firm as the industry strives to turn the call for change into reality.
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