Once your company becomes a defendant in a high-stakes commercial litigation matter, it is exposed to a double-headed monster: substantial liability risks and open-ended litigation costs. The two need not go hand in hand, says attorney Stewart Weltman. In-house counsel could greatly benefit -- lowering litigation costs and improving results -- by requiring their outside counsel to adopt some of the approaches that plaintiffs attorneys employ, Weltman asserts, and he offers some tips for doing so.
November 21, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Once your company becomes a defendant in a high-stakes commercial litigation matter — be it a class action or one that pits your company against another — it is exposed to a double-headed monster: substantial liability risks and open-ended litigation costs. The two need not go hand in hand.
Yet how many times have you seen or heard about well-intended estimated litigation budgets often being exceeded sometimes by factors of two or more?
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