Litigation may be simply one of the costs of doing business, but it’s no secret that the difficulty in predicting those costs adds to the frustration in corporate legal departments. Concerns about costs and how to control or predict them weave their way throughout a survey of corporate litigation trends commissioned for the second consecutive year by Fulbright & Jaworski, and conducted by an independent research firm. (The 2005 survey was comprised of written responses from 354 in-house attorneys, including 50 in the United Kingdom. Most of the respondents held the title of General Counsel, Legal Director or a similar senior-level position in their respective legal departments.) This article discusses one of the most effective, yet surprisingly underutilized tools for managing litigation costs: the litigation budget from outside counsel.
A RECURRENT THEME: COSTS, COSTS, COSTS
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