Editor's Comment: Panel flannel
What is the point of law firm panels? There are, of course, several obvious reasons for their existence; among them handing clients more leverage to manage adviser relationships. Usually this occurs by handing out more work to a smaller number of larger firms. Whether panels have achieved this aim is debatable. But what is becoming harder to sustain is the view that the panel system has ushered in another of its supposed benefits: securing value for money and containing legal services inflation.
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