Do general counsel want alternatives to paying top-dollar rates for BigLaw 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.
Most of us have participated in numerous discussions on this two-part theme:
1. We have a high-stakes litigation matter on our hands. We’ve always used a handful of BigLaw firms—they’ve usually done a fine job, and my management feels much safer when we hire a “big name.” But those bills can be whoppers.
