Sentences with phrase «in outside counsel fees»

The report defines «significant work» as work with at least one matter with a minimum of $ 100k in outside counsel fees.

For example, 57 percent of companies with significant litigation in 2015 (at least one matter with a minimum of $ 100k in outside counsel fees) brought in a new law firm.

Not exact matches

He says while the million dollars in private law firm fees are listed on the legislature's expenditure reports, there is not explanation listed for why the outside counsel was hired and paid.

Democrats had proposed replacing the fee revenue with tactics including the use of $ 35 million in bond premiums and reducing the use of outside legal counsel.

These include interest on loans to invest in a business or an income - producing investment outside an RRSP, plus investment counsel fees, the cost of renting a safety deposit box, and accounting fees to calculate rental or investment income.

In addition to investment advisory fees, each Fund pays other expenses including costs incurred in connection with the maintenance of securities law registration, printing and mailing prospectuses and Statements of Additional Information to shareholders, certain financial accounting services, taxes or governmental fees, custodial, transfer and shareholder servicing agent costs, expenses of outside counsel and independent accountants, preparation of shareholder reports and expenses of trustee and shareholders meetingIn addition to investment advisory fees, each Fund pays other expenses including costs incurred in connection with the maintenance of securities law registration, printing and mailing prospectuses and Statements of Additional Information to shareholders, certain financial accounting services, taxes or governmental fees, custodial, transfer and shareholder servicing agent costs, expenses of outside counsel and independent accountants, preparation of shareholder reports and expenses of trustee and shareholders meetingin connection with the maintenance of securities law registration, printing and mailing prospectuses and Statements of Additional Information to shareholders, certain financial accounting services, taxes or governmental fees, custodial, transfer and shareholder servicing agent costs, expenses of outside counsel and independent accountants, preparation of shareholder reports and expenses of trustee and shareholders meetings.

An outside counsel who has the ability and the courage to do that for a company is an invaluable asset, who will likely save you far more than he or she will ever cost the company in legal fees.

He laments the continued conversation among in - house and outside counsel about alternative fees, claiming that

The court held that in - house fees were just as «incurred» as fees paid / owed by a company to outside counsel.

At the InsideCounsel SuperConference, Ted Olson, former Solicitor General and partner at Gibson Dunn, asked a panel of General Counsel from Ford, Procter & Gamble, and Allstate Insurance what they look for in their outside lawyers (other than lower fees and alternative fee arrangements).

In recent months, Facebook, Hewlett - Packard and MetLife have all announced initiatives that will require more diversity among their outside counsel with firms who do not meet the diversity goals risking losing fees or even whole engagements.

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 arrangementFee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementfee,» «contingency,» or «hybrid» fee arrangementfee arrangements).

The fees charged by outside counsel are essentially insurance premiums, promising clients that everything they need is in the contract.

Every law department that does not charge back the fees and expenses of outside counsel retained to defend the company in litigation could consider this innovative technique.

Outside counsel fees spent on M&A transactions in 2014 and 2015 were more than twice the fees reported in 2012.

Corporate law departments participating in the study spent the highest percentage of outside counsel fees on litigation (37 %), followed by intellectual property (15 %) and then mergers and acquisitions (12 %).

Corporate legal departments don't need to pay hundreds of millions in outside legal fees and have a DuPont size legal team to desire greater efficiency, Tom Sager, partner at Ballard Spahr LLP and former general counsel at DuPont, shared this insight during an Association of Corporate Counsel (ACC) webinar on thecounsel at DuPont, shared this insight during an Association of Corporate Counsel (ACC) webinar on theCounsel (ACC) webinar on the topic.

Do the outside counsel guidelines restrict the use of certain levels of timekeepers in specific fee arrangements?

Key Metric # 2: Law Firm Consolidation — Number of Legal Vendors Used by Corporations 55 % of companies in the data pool have 10 firms or fewer accounting for at least 80 % of outside counsel fees Based on trailing 12 - months ending June 30, 2015

Figure 6: Enterprise Legal Management Trends Report Key Metric # 2: 57 % of companies in the data pool have 10 firms or fewer accounting for at least 80 % of outside counsel fees Based on trailing 12 - months ending June 30, 2013

And make sure you cover third - party resources and outside counsel in your written fee agreement.

What businesses don't have is much success in establishing fixed fee arrangements with their outside counsel, despite years of discussions, conferences and articles.

In the program, «Leveraging the In - house and Outside Counsel Relationship,» the panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangementIn the program, «Leveraging the In - house and Outside Counsel Relationship,» the panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangementIn - house and Outside Counsel Relationship,» the panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangOutside Counsel Relationship,» the panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangCounsel Relationship,» the panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangoutside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangcounsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangementin - house counsel and junior outside counsel, and to implement alternative fee arrangcounsel and junior outside counsel, and to implement alternative fee arrangoutside counsel, and to implement alternative fee arrangcounsel, and to implement alternative fee arrangements.

In addition, even in an alternative fee environment, I would still be concerned with the technology - related efficiency of my outside counseIn addition, even in an alternative fee environment, I would still be concerned with the technology - related efficiency of my outside counsein an alternative fee environment, I would still be concerned with the technology - related efficiency of my outside counsel.

«Inside / Outside Counsel Perspectives on Making Fixed Fee Arrangements Work» Marketing Partner Forum Moderator: Cathleen Flahardy, Editor - in - Chief, InsideCounsel

In - house counsel gave outside counsel their lowest grades concerning offering timely and realistic budgets and discounted fees / fixed fees / alternative arrangements when requested.

One in - house survey respondent noted that outside counsel «put multiple partners on the same matter; exceed budgets; do not offer fee arrangements that are linked to value.»

$ 10 billion in legal fees spent by outside counsel over a recent three - year period were analyzed by Lexis - Nexis.

Areas that should be looked at from an in - house perspective are: conflict of interest, privilege, and outside counsel fees.

Corporate law departments report that they are re-negotiating outside counsel fees, shifting work to lower - priced law firms, increasing in - house capacity, opting for alternative service providers and using new technology — all to develop a more cost - effective legal services model.

Larger corporate legal departments, particularly those seeking to reduce outside counsel fees (which can range in the millions annually), perform almost all of the substantive legal work in - house.

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.

With general counsel becoming increasingly savvy in managing outside counsel fees, it is not surprising that many are turning to highly credible firms with lower hourly rates to handle even their most mission critical transactions.

Key Metric # 2: Law Firm Consolidation — Number of Legal Vendors Used by Corporations 54 % of companies in the data pool have 10 firms or fewer accounting for at least 80 % of outside counsel fees Based on trailing 12 - months ending December 31, 2013

Key Metric # 2: Law Firm Consolidation — Number of Legal Vendors Used by Corporations 51 % of companies in the data pool have 10 firms or fewer accounting for at least 80 % of outside counsel fees Based on trailing 12 months ending December 31, 2014

Ventola says in - house clients are using benchmarking to negotiate alternative fee arrangements with their outside counsel.

Corporate law departments report that they are re-negotiating outside counsel fees, shifting work to lower - priced law firms, increasing in - house capacity, opting for alternative service providers and using new technology — all to... [more]

What about the position of defence counsel who owes a duty to an insured and to an insurer paying the bills or how about contingent fees which interestingly I believe are not permitted in jurisdictions such as Australia that allow outside ownership.

The idea is for in - house counsel to use the analytics tool to make more informed decisions when negotiating alternative fee arrangements with their outside counsel, and identifying matters where cost and duration exceeded similar matters.

Apart from her remarkable achievements to improve the operation of Home Depot's legal department in the form of hiring a team of talented lawyers, introducing fixed fee arrangements for work with outside counsel and creating templates, checklists and training decks for a number of business lines, Qadeer has also become a valued and vocal part of the senior leadership team on issues beyond legal.

In 2007, United Technologies» general counsel created a program to discourage its hundreds of outside law firms from using hourly rates, and over the past five years the company has significantly increased its use of non-hourly fees, Greenspan said.