Attorney fees are in the spotlight with firms popping for first-year associate salaries of $160,000 plus. It doesn’t take a Harvard MBA to know what business gets in the gut: They pay for the increases short term, their customers pay for it long term.
What’s to be done? Don’t belabor the rise — the cost of a company’s raw materials goes up just like a firm’s. Instead, GCs should treat legal fees just like the C-level execs down the hall treat business issues that cross their desks. Here are five rules to help general counsel do just that.
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