“We see that people in law firms are fighting for the billable hour and it may be higher hourly rate lawyers who are grabbing those hours as opposed to lower rates, so we’re watching that as well,” said Quovant president Michael Sheridan.
September 15, 2020 at 03:19 PM
1 minute read
As the novel coronavirus outbreak drives corporate legal departments to look for new ways to rein in costs, some in-house leaders are turning to legal spend management firms to suss out additional savings.
One such firm, Quovant, has been comparing how lawyers were handling cases pre- and post-pandemic in an effort to identify potential cost savings for legal departments, according to the Nashville-based company’s president, Michael Sheridan.
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