With talk of an economic downturn never far away and procedural reforms really beginning to bite on the recoverability of costs incurred in disputes, now is the time for general counsel to consider in-sourcing one of the last areas still traditionally left to external advisers – litigation.
During earlier periods of economic austerity, there has generally been an increase in the number of disputed issues – this was certainly true during the recession of the early 1990s. For law firms, litigation went from being a service that they offered as an adjunct to traditional property and commercial work to a source that would keep many firms afloat during such quiet times.
