Law Department Management Blog
A unit of Cargill’s legal department, cited in a GC Roundtable report, has a policy regarding litigation. “Except in cases involving allegations of fraud, illegal or criminal activity or cases with significant policy or precedential value, the Law Department will no longer handle matters with a dollar exposure of less than $25,000.”
Some law departments define thresholds for contracts that they will review, such as by dollar commitment, by degree of trading familiarity with the other party, or by level of business executive signing the contract – but always with some triggers that require law department review.
Both of these standards, for litigation and for contracts, and many others, keep in-house lawyers attending to important and higher-risk matters, not shoveling against the tide of minor matters that have little legal significance.