We don’t hear anymore the din about online auctions for legal services (See my posts of Sept. 4, 2005 regarding GE’s online auctions in 2005; and March 12, 2006 regarding GE in 2003.). For good reason.
The process belies thoughtfulness and professional standards; the dregs of procurement-style cost bludgeoning are all that remains. Only a handful of companies have the quantity of legal services that share enough similarity to create sufficient savings from the effort. Lowest-common denominator services leach out to on-line auctions, not high-quality, high-cost matters. For all these reasons, there is not only no surge but a withdrawal from LegalBay.