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Outside Counsel Management
If your company currently uses outside counsel to support your business, there is a very good chance that you are paying too much. This is not to suggest that your attorneys are unethical or are overcharging you. Instead, by hiring counsel for each discrete matter without a strategy for optimizing your use of outside counsel, you in effect direct each attorney on each case to obtain the best possible result in that particular matter. This both misses the opportunity to leverage your legal spending, and also creates inefficiency in managing what is often a very expensive and complex relationship. One of the key tools of the trade for in-house counsel is managing law firms effectively, and this complex sourcing exercise demands expert oversight. With Lloyd’s assistance, you will ensure that you minimize your total legal costs, and also get the most out of your outside counsel relationships.