Do general counsel want alternatives to paying top-dollar rates for Big Law attorneys on big-ticket litigation and other high-stakes matters? Of course they do, as reported in countless articles. However, as most readers of Corporate Counsel will recognize, this is easier said than done. Precisely because of the high stakes involved, it is essential to minimize risk. And you have to pay more to lower risk, right?
Not necessarily. This article proposes one answer to the tough question of how GCs can lower costs—and lower risk—in hiring outside counsel.
