There’s more to getting value from your advisers than simply squeezing them on price, agreed a Legal Week Intelligence roundtable of senior insurance clients. James Mayer reports
Any analysis of the relationship between law firms and insurers inevitably involves pressure to get more for less. As heavy users of legal advice, insurance companies were at the forefront of the drive by corporates well over a decade ago to get a more cost effective service from their legal advisers, principally by deploying formal panels. Unsurprisingly, insurers remain under pressure to squeeze their legal spends. At a roundtable hosted by Legal Week in association with RPC at the UK top 50 law firm’s City offices on 12 March, a senior group of insurance clients debated how to get greater value from the law firms they instruct.
