There are two types of efficiencies with which lawyers need to be familiar. The first is general efficiency, which is the state or quality of being efficient and the actions designed to achieve optimal results. The second is economic efficiency, which requires optimal production and distribution of a firm's resources. These two concepts are extremely important to in-house counsel.
April 07, 2015 at 12:00 AM
1 minute read
There are two types of efficiencies with which lawyers need to be familiar. The first is general efficiency, which is the state or quality of being efficient and the actions designed to achieve optimal results. The second is economic efficiency, which requires optimal production and distribution of a firm’s resources. These two concepts are extremely important to in-house counsel.
Here is some advice from corporate counsel regarding lawyers’ rates and efficiencies:
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