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Articles Posted in Outside Counsel

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General counsel probably value being asked by law firms about their views on the firm

In 2005, the US mega-firm Reed Smith hired Julia Cline, a former general counsel, as its first director of general counsel relations. According to Law Firm Inc., Vol. 5, March 2007 at 22, after Cline’s departure to return to practice, the firm appointed Marti Candiello, previously the general counsel for…

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Do law firms, busy and profitable, stand strong and reject alternative billing arrangements?

An article in the Legal Intelligencer, Sept. 27, 2006 (by Gina Passarella) touches on the over-worked theme that as to alternatives to full hourly rates there is infrequent action and much “lip service.” A consultant offers an explanation: “One of the main reasons alternative fee arrangements aren’t being used comprehensively…

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Circumstances where law departments would be mostly likely to end a relationship with a firm

A survey, published in Legal Week, Vol. 9, Feb. 22, 2007 at 12, asked respondents to pick among five reasons why they might terminate their dealings with an external counsel. Respondents were allowed to choose two of the five explanations. “Quality of work” and “overcharging/lack of value” dominated the choices…

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Eleven law firms accounted for 75 percent of the median company’s outside counsel costs

The 2006 Hildebrandt Law Department Survey includes 201 companies, of which 117 had annual revenue of $6 billion or more. The median-sized company had over $8 billion in annual revenue. Of the entire group the median number of law firms that were paid three-quarters of all outside counsel payments was…

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Much international work can be handled by US firms from their international offices

Law departments have much more trouble finding competent foreign counsel than finding competent US firms. But the two may often be the same. The Client Advisory, March 2007 of Hildebrandt and Citigroup Private Bank at 5, states that of the 250 largest US law firms, 105 firms have foreign offices…

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Broad, essay questions as part of a competitive RFP process for legal services

The Texas Lawyer, Vol. 21, Dec. 5, 2005 details Pfizer’s 2004-05 P3 process (Pfizer Partnering Program) whereby it selected 24 go-to firms for product liability litigation. Pfizer’s 50 page RFP, divided into 12 sections, pushed the proposing firms hard, in part because of some questions that asked for the firms…