Two years ago I catalogued ten reasons not to stoop to competitive selections of outside counsel (See my post of Oct. 10, 2008: reasons to oppose competitive bids.). Still strongly in favor of that method, I recognize that opponents might put forth additional reasons. Perhaps in a follow-up post I will counter-argue.
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The process risks disclosure of too much sensitive information about the company’s external counsel spending and legal profile.
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Responses from the firms, while proclaiming uniqueness, all sound about the same. Marketing polish has homogenized proposal material.
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No objective, reliable methods exist to rank proposals. It boils down to judgment so why add on the all the spurious numbers and process?
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If you enforce a level playing field, you deny firms the ability to take advantage of differentiated access and knowledge they may have. Why shackle those in the know?
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Related to the objection before, competitive processes privilege incumbent firms who know so much more. It can’t be a truly fair competition, so why pretend?
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If you engage in a competitive selection, you might have to involve the dreaded Procurement.