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No one enjoys being taken for a ride, with the possible exceptions of playing with our children or one from our transportation provider of choice. That said, it’s no surprise corporate counsel faced with the demand to reduce spend need to understand how to properly manage their 2018 legal service providers in terms of cost predictability, service quality incentivization, and performance transparency.

Tax law changes notwithstanding, corporate counsel waiting for a corporate blank check on spend may be holding their breath for some time.

This article discusses a new approach to legal service provider (LSP) fee agreements, with particular focus on properly incentivizing legal service providers to act in the most efficient manner to ensure mutually beneficial outcome. Tall order that it may seem, to move forward we must first look back.

 
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General Counsel Conference Midwest: SuperConference 2021Event

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General Counsel Conference Midwest: SuperConference 2021Event

GCC Midwest addresses today's legal issues facing companies by providing general counsel with insight and best practices.

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General Counsel Summit (GCS) 2021Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

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General Counsel Summit (GCS) 2021Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

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