(Photo: metamorworks/Shutterstock.com) Culling Down a Preferred Law Firm List Isn't Easy, But Necessary
Legal departments are increasingly under pressure to cut costs, starting with outside counsel. An ILTA>ON panel revealed the data points General Motors used to pare down their list of 900 preferred firms to just 19.
August 26, 2020 at 02:40 PM
4 minute read
The original version of this story was published on Legal Tech News
Corporate legal departments are becoming more strategic with their use of outside counsel—and data is the backbone of its battle plan. The ILTA>ON virtual conference took a more detailed look at the issue during a Wednesday session titled "Best Practices for Managing Outside Counsel," where panelists discussed how legal departments could make significant cuts to their list of preferred firms while advancing values like diversity.
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