Ready to move from the billable hour to value-based fee structures for at least some of your outside counsel spend? Not sure how to decide which fee structures are most appropriate for which matter types or stages of matters? Come to this session to learn how to put together your own decision tree. We’ll walk through the considerations you need to weigh when deciding fee structures – with a focus on two increasingly popular approaches: risk collars and fixed fees. We recommend that you combine this with session 401, to expand your toolkit of options.
10th Annual ACC/Serengeti Managing Outside counsel Survey reveals in-house counsel requiring more process-oriented management techniques to obtain value from firms; overall law department spending remains flat. Hundreds of law departments share their techniques for effectively managing work with outside counsel in the 10th Annual ACC/Serengeti Managing Outside Counsel Survey. The 150+ page report includes practical insights collected from in-house counsel over the past 10 years, including how law departments structure relationships with, manage, compensate, and evaluate outside counsel.
The PDF above provides you with the executive summary and the table of contents. To purchase the survey in its entirety, please click on the link below.<p><a href= http://www.serengetilaw.com/Documents/ACC%20Survey%20-%20ORDER%20FORM.pdf>Click here to purchase this survey</a></p>
<p><b>ACC Members Receive a Discount on this Survey</b></p>
<p><b>Please note that you must purchase this survey directly from Serengeti Law by check.</p><p>Any questions should be directed to <a href= mailto:tawni.knapp@thomsonreuters.com>tawni.knapp@thomsonreuters.com</a></p>
Outsourcing labor and services has become more commonplace than ever — and general counsel are not immune to the bandwagon effect — which is not necessarily a bad thing. Unbundling and assigning different services to separate entities may result in work being done more efficiently and with less expense. Learn the “dos” and “don’ts” of engaging in legal process outsourcing.
The purpose of this InfoPAK is to assist corporate counsel in understanding and making decisions about conflicts and waivers. Included is an overview of the rules relating to the three principal kinds of conflict of interest that result in conflicts waiver requests, as well as a discussion of the issues corporate counsel should consider when reviewing a request for a conflicts waiver.
A summary of practices Desjardins and the Bombardier law department have implemented with key firms to focus on value.
The ACC Guide to Value-Based Fees provides a step-by-step approach to help those new to the process get started and to help those who are veterans of the process consider whether there may be opportunities to improve what they already do. The checklists, flow-charts and tables are designed to help in assessing a particular matter to determine which value-based fee constructs would fit best, as well how to best implement and carry out those terms.
Important points to consider when dealing with LPO and how to avoid making costly and unethical mistakes.
As corporate legal departments continue to focus on controlling costs, they are bringing more work in house and becoming more selective about when and how they work with outside counsel. Read this article to find out more.
This powerpoint presentation provides tips to in-house counsel on such topics as risk management.
An interview with John Blood, vice-president, legal, at Anheuser-Busch InBev Services, LLC., which explores the company's experience in selecting a group of law firms to deliver world-class legal service in a cost effective and efficient manner.