The Financial Accounting Standards Board probably expected some flak when it announced in June its intent to broaden required disclosures on the potential costs of corporate litigation.
Most on the in-house lawyers at large companies responding to an informal survey say they expect to cut back on the number of outside law firms they use over the…
As law firm layoffs become relatively commonplace news, it isn’t just attorneys in private practice who are nervously wondering where the ax might fall next. In-house lawyers are at risk…
For years, it has been the accepted wisdom that major corporations want to use fewer law firms in order to control legal costs, and many BigLaw firms have taken that…
When attorney Mark Peroff moved to the Manhattan office of Hiscock & Barclay, a 200-lawyer firm headquartered in upstate New York, he persuaded clients to follow him by offering a…
Wal-Mart general counsel Tom Mars says he is considering initiatives to lower associate billing rates at the company’s outside law firms “to some point where they reflect value.”
Corporations appear to be cutting back on fees to outside law firms as they beef up their own in-house legal staffs. A new survey highlights the shift.
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.