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Corporate Counsel

Outside Counsel Increased Rates More Than Expected in 2020, but AFA Use Ticked Up Too

"I know there's been a gradual movement away from using hourly rates, but we're never gonna see 50% of the market being billed under AFAs," LexisNexis report author Kris Satkunas said.
2 minute read

Law.com

Update on Business Bankruptcy Legal Fees and Professionalism

A review of recent cases shows that poor billing judgment and unreasonable billing have been with us for decades.
9 minute read

Corporate Counsel

Unforeseen and Unbudgeted Legal Matters: How In-House Legal Departments Can Keep Costs in Check

Is your in-house attorney's time better spent reviewing each time entry of numerous invoices and communicating the findings with each law firm each month, or practicing law and managing risk for your organization?
6 minute read

New Jersey Law Journal

It's Official: New Jersey Federal Courts Will Require Disclosure of Litigation Funding Arrangements

"Our rule strikes the balance that was needed between those who were concerned that it would open up the floodgates of disclosure, and those who felt we needed to provide certain basic information," said Steven Richman, who helped formulate the new rule.
4 minute read

Corporate Counsel

Alleging Fake Business Trips and 'Churning,' Tech Company Sues CLO's Defense Counsel for $20M

Cognizant Technology Solutions was obligated to pay for its chief legal officer's lawyers when he faced investigation, but the company was suspicious of one of the firms doing that work, a new lawsuit says.
3 minute read

International Edition

'Justifying the Stress': As Associate Pay Tops $200K, UK and European Lawyers Are Unconvinced

Lawyers and market commentators across the U.K., Germany and France reflect on the impact of the associate pay war in their respective regions.
5 minute read

Corporate Counsel

AFA Best Practices: Find the Market Rate and Align With Law Firm Incentives

"The firms are starting to realize that this is where things are going and they're getting much better at matter management internally," Ken Callander, managing partner at Value Strategies LLC, said.
4 minute read

International Edition

BASF General Counsel Matt Lepore on COVID Pen Pals, Diversity Scoring and the End of the Billable Hour

Matt Lepore is the first American to serve as general counsel of the German company. His career advice for young lawyers is to take risks early in their careers. "Don't follow the money," he says.
4 minute read

International Edition

Australian Online Firm Sprintlaw Expanding to the UK

The firm, part of a growing number of virtual firms, raised $770,000 to fund its expansion.
3 minute read

The Recorder

Appeals Court Upholds Legal Fees for Lewis Brisbois Client

"The trial court was entitled to rely on Lewis Brisbois' declarations to determine the reasonable rates for experienced attorneys in Los Angeles County," the appeals court said.
3 minute read

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