The recession has shifted the balance of power in the legal marketplace toward general counsel, perhaps permanently, a new report by international law firm Eversheds says. The report surveyed 130 general counsel and 80 law firm partners around the globe. General counsel said they have more status and influence in their own companies in the new post-recession world. As a result, hourly fees are giving way to value billing, the report found.
April 01, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The economic recession has shifted the balance of power in the legal marketplace toward general counsel, perhaps permanently, a new report by international law firm Eversheds says.
The report, “Law Firm of the 21st Century: The Clients’ Revolution,” has been showing up on legal Web sites all over the place for the last few weeks.
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