One of the many impacts of this punishing recession on the delivery of legal services has been an even heavier-than-normal shift in the balance of power to in-house counsel. The seesaw will always tilt toward clients, as they dispense the work that firms need to survive. The normal slant is much more pronounced today, though, as the loss of work (especially in the transactional arena) has forced firms to cede more ground on rates.
Many partners and firm leaders have privately bemoaned the bruises they have suffered, which only portend to worsen until the economy rebounds. This article addresses some of the reasons why in-house lawyers need to be careful in wielding their enhanced powers.
This content has been archived.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]
