The Consero Group's new "2013 Spring General Counsel Survey," which addresses several areas of concern to in-house counsel at U.S. companies, has found that 61 percent of Fortune 1000 general counsel are not satisfied with the rates they pay to their outside counsel—a sign that economic pressures are forcing alternative fee arrangements to again become an important issue in corporate board rooms.
The survey, compiled by the executive events organizer Consero Group in partnership with Applied Discovery, also found that 61 percent of the GCs surveyed already use alternative fee arrangement for outside counsel, but 60 percent said they plan to further increase their use of such arrangements.
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