Having FisherBroyles in place to assess your legal risks and manage your litigation will help safeguard against out of control litigation expenses and
costs by outside counsel.
Not exact matches
They should also be concerned
by this: for the most part, surprisingly little was said about the problem of
outside counsel costs.
Led
by the Association of Corporate
Counsel's «ACC Value Challenge,» corporate America is increasingly demanding that their
outside law firms abandon the entrenched, historic, «
cost - plus,» «billable hour» economic pricing model in favor of «Alternative Fee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangements).
Hiring one of our experienced business lawyers as
outside general
counsel can ensure you have an experienced legal advocate
by your side when you need it without the
cost of maintaining full time n in - house lawyer.
is also uniquely positioned to complete projects retained
by corporate legal departments because of
outside counsel cost but remaining incomplete because, although important, there isn't the time or manpower in - house to complete them at this time.
My thesis was (and remains) that certain inside functions could be handled better
by outside counsel on a fixed fee that would be competitive with or less than the
cost of the inside lawyer).
Outside counsel will need answers, and you can have a direct effect on attorney billable hours and your own labor
costs by having those answers when they are requested.
Smart corporate legal departments are operating more efficiently
by managing
costs and
outside counsel and vendors effectively.
I have tried to bring some visibility to the question of how much is paid in settlements
by companies in the United States, but the bits of data are fragmented (See my post of May 30, 2005: lack of benchmark data about settlements; July 16, 2005: settlements as a percentage of total legal spend; Feb. 13, 2008: settlement ratios
by practice area; July 16, 2005: settlements and judgments in relation to
outside counsel spending; Jan. 20, 2009: settlement
costs in relation to
costs of
outside counsel; and Oct. 27, 2010: data on settlements.).
Requires monthly reports
by outside counsel to include number of hours worked, court
costs incurred, and to provide such data in aggregate from the effective date of the contingent fee contract.
LegalVIEW ® analytics offerings, which are powered
by the world's largest repository of legal performance data, further enhance corporate
counsel's ability to understand the drivers of legal
costs and inefficiencies, benchmark
outside counsel performance, improve
counsel selection as well as to communicate departmental performance
Decreased litigation
costs by establishing
outside litigation
counsel guidelines and conducting vendor assessments for litigation expenses that resulted in increased efficiencies at lower
costs
The Chasm Group, LLC and Chasm Institute, LLC (San Bruno, CA) 1997 — 2008 Business Operations Manager • Managed all daily operational tasks for leading multi-million dollar high - tech market strategy consultancy, while providing executive administration to C - level executives and venture capital partners • Developed and managed the firm's annual budget, proposing and implementing expense cuts, producing monthly reports and financial statements, and coordinating with CPA firm for accurate and timely filings • Oversaw all client relationship management efforts while cultivating new business efforts from concept to implementation, providing high - quality service in sales efforts while utilizing new lead tracking system • Negotiated and managed all contracts, stock grants, and financing arrangements, working closely with
outside counsel to draft legal documents and resolve LLC - and proprietary - related issues • Led three office space build - outs and two office relocations, managing all aspects of each process under aggressive timeline and budget expectations • Reduced firm telecom expenses
by 22 %
by streamlining IT objectives, including migration to VOIP phone system, software / hardware purchases, domain renewals, and outsourced technical support • Directed all phases of staff recruitment while creating and implementing all HR policies and programs, including comprehensive employee benefits plans • Supervised multiple administrative staff members, conducted performance appraisals and wage / salary surveys in comparison to incentive program guidelines, and maintained HR files in accordance with legal mandates • Produced all out - going client invoices in an accurate and timely fashion to increase, cash flow and reduce aging receivables, providing consistent attention to overhead
costs and vendor arrangements • Administered all company insurance policies, including E&O, general liability, bonds, partner life and disability, conducting annual benefits reviews and employee / company insurance audits • Obtained necessary certificates for consulting contracts while processing federal, state, and local business reporting requirements to maintain licenses and incorporation status • Directed all marketing efforts and oversaw logistical aspects of national educational workshop series, utilizing sponsorship arrangements to offset production
costs • Transformed «brochure» website into a dynamic tool to better illustrate company opportunities through relevant case studies, as well as maintaining all other promotional media, including press kits and video Association of California School Administrators (Burlingame, CA) 1993 — 1997 Issues and Planning Committee Coordinator • Executed all phases of event planning and implementation for a membership - driven organization including 23 state committees, 5 task forces, 6 strategic planning conferences, and a conference of 1,500 attendees • Focused on facility evaluations, bid requests, site visits, contract negotiations, and all pre - and post-conference planning processes • Produced statistical and financial reports, including budget projections and
cost monitoring for developmental training efforts • Oversaw all participant - level responsibilities, including inquiries, eligibility, registration, correspondence, and billing statements • Managed all legal professional standards calls for Northern California regions, including the processing of attorney authorizations, the preparation of legal assistance letters, and liens on cause of action • Served as second point of contact for computer inquiries and troubleshooting efforts as well as provided back - up executive administrative support for Executive Director, Committee Chairs, and the State Superintendent of Public Instruction • Held responsibility for software installation and hardware configuration while performing weekly AS / 400 backup and report generation