Culling Down a Preferred Law Firm List Isn't Easy, But Necessary
Legal departments are increasingly under pressure to cut costs, starting with outside counsel. An ILTA>ON panel revealed the data points General Motors used to pare down their list of 900 preferred firms to just 19.
August 26, 2020 at 02:40 PM
4 minute read
Corporate legal departments are becoming more strategic with their use of outside counsel—and data is the backbone of its battle plan. The ILTA>ON virtual conference took a more detailed look at the issue during a Wednesday session titled "Best Practices for Managing Outside Counsel," where panelists discussed how legal departments could make significant cuts to their list of preferred firms while advancing values like diversity.
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