Teva Pharmaceutical Industries chief legal officer David Stark is looking for a few good firms to handle more than $100 million in external legal spend at a significantly reduced cost—and not everyone is happy about it.
Stark is in the midst of whittling down the “hundreds” of outside firms Teva uses across litigation, regulatory and corporate work, looking to get as “close to one” firm as possible to handle about 80% of the firm’s material legal spend. Trevor Faure, former global general counsel of Ernst & Young and the CEO of Smarter Law Solutions, is assisting Teva in the process.
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