Monthly Archives: September 2012

Legal expense management news for September 28, 2012

Procurement’s role in sourcing legal services continues to expand – “procurement professionals have become much more active and influential within their corporate legal departments because the general counsel is under tremendous pressure to reduce costs in the economic downturn.” Here’s … Continue reading

Posted in High-tech and IP, In-house, Law department tools - e-billing, CMS, metrics, etc., Law firms, Legal expense management, Outsourcing | Leave a comment

Legal expense management news for September 21, 2012

“Breathtaking” BigLaw fee request rejected after Federal judge’s “mind-numbing review”- $3.3 million requested, $475 thousand awarded in New York litigation. Judge Pauley said that “Astonishingly, Kramer Levin attorneys, paralegals, and staff amassed 5536.4 billable hours on this matter, employing four … Continue reading

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Legal expense management news for September 14, 2012

The U.K.’s Takeover Code now requires disclosures regarding legal fees in bids for U.K.-listed companies. A new study shows that legal fees averaged 2.17% of deal value – but not surprisingly, the percentage was significantly lower for the biggest deals, … Continue reading

Posted in In-house, Law department tools - e-billing, CMS, metrics, etc., Law firms, Legal expense management, Outsourcing, Risk management | Leave a comment

What do Boards want from their lawyers?

I enjoyed a well-attended NACD Tri-Cities program this morning on “Working with the Lawyers: What the Board Wants and Needs from Counsel.” A few key takeaways from my notes: – Look at legal services as a potential competitive advantage, rather … Continue reading

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Legal expense management news for September 7, 2012

Australian in-housers seek alternatives to the billable hour. “Close to 60 per cent of the respondents said that they were only ‘accepting’ of, or were unhappy with, their current fee arrangements….In addition to higher demand on flexible fee arrangements, almost … Continue reading

Posted in In-house, Law department tools - e-billing, CMS, metrics, etc., Law firms, Legal expense management, Outsourcing, Risk management | Leave a comment