With many of the country's top firms suffering falling profits, general counsel have taken advantage by homing in on value for money when appointing their advisers. Sophie Evans reports on the Legal Director Benchmarker survey on client service
November 03, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
At a time when the magic circle firms’ partner profits have dropped for the third consecutive year, in-house lawyers have been taking advantage of the less buoyant legal market.
According to the results of the latest Legal Director Benchmarker survey on client service, cost has emerged as the key factor for corporates when re-appointing legal advisers, winning out over technical expertise and sector experience.
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