The prevailing wisdom among the Association of Corporate Counsel's newest class of Value Champions is that hourly billing for legal services is dead, technology is on the rise, and predictability is a priority. Among the 2013 champs are Bank of America, Office Depot Inc. and Nike Inc.
The annual competition is a component of ACC's ongoing Value Challenge, which the organization created to recognize law departments and law firms that have cut legal costs without cutting quality. This year's honorees include eight law departments and four law department/law firm collaborations that made noteworthy use of value-focused approaches to legal management.
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