A recent article on Legal Week about an adviser review at Deutsche Bank reminded me of a concept that has gained traction in recent years: the notion that clients should get actively involved in the business model and inner workings of their external counsel.
In the case of Deutsche, the bank has made it plain that it will look favourably on firms that use legal process outsourcing as part of its adviser review. The bank is certainly not alone – it’s a concept that has attracted a growing level of support in the legal profession in the last five years.
