American in-house lawyers aren’t the only ones trying to rein in outside counsel spending—so are their peers across the Atlantic. At a recent roundtable in London, several general counsel talked about how they’ve been reducing the number of law firms that they use, and demanding better deals from those that they keep.
Beat Hess, legal director and group executive committee member at Royal Dutch Shell plc, was one of those speaking at the September 20 session at London’s College of Law. “Like many other companies, we face a lot of pressure with costs—we realize that they are too high, and that they have to come down,” Hess told the participants. “Law firms have had Christmas every day for decades now,” he added, “but the party is over.”
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