Surprises may be overrated in general, and for a GC reporting to a CEO and a board of directors, they are rarely welcome-especially when it’s time to present the monthly tab from outside counsel.
The size and unpredictability of that expense has long prompted GCs to exercise alternative controls in purchasing outside legal services-discounts, flat fees, negotiated rates, smaller firms and outsourcing. One potentially valuable tool has been used for years in other areas of business, such as construction, marketing, manufacturing and sales. It’s called project management, and it’s an established method for planning work, tracking progress and reporting status and changes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
