She spent five years as the Collaboration Manager for DuPont's Network
of Primary Law Firms and Service Providers.
Lightfoot's superior skills and legal insight into these DuPont matters distinguished the firm as one of the best among an already elite group of
DuPont Primary Law Firms and Service Providers.
DuPont recognized us with its Challenge Award, honoring us as one of the best among an already - elite group of
DuPont primary law firms and service providers
Clients will seek other law firms for certain services because they don't realize that
their primary law firm does it.
Seventy percent of large companies are so dissatisfied with
their primary law firm that they would not recommend it to others, according to a survey of large and Fortune 1,000 companies released this week by The BTI Consulting Group.
This year, 4.9 per cent of respondents to the Canadian Lawyer Corporate Counsel Survey said they use alternative fee arrangements with
their primary law firm.
Billable hours are back as the most common billing arrangement in - house counsel have with
their primary law firm or external service provider, sitting at 50.2 per cent this year compared with 46.8 per cent last year.
In fact, 46.8 per cent of respondents to the annual Canadian Lawyer Corporate Counsel Survey said the billable hour is still the main arrangement they have with
their primary law firm, followed by a combination of billable hours and flat fees at 31 per cent.
The study, How Clients Hire, Fire and Spend: Landing the World's Best Clients, also found that 53.7 percent of large companies ousted
their primary law firms in the past 18 months.
A recent study by BTI Consulting reveals «Only 40.1 % of clients recommend
their primary law firm to a peer, after the second biggest drop on record last year, when 33.3 % of clients recommended their primary law firms.»
The complete report examines
the primary law firm business objectives and maps these to the benefits of practice management along eight areas related «to attorney and staff efficiency.»
More than one hundred and seventy respondents were asked questions about their level of satisfaction with
their primary law firms.
A previous post described the reluctance some prestigious clients have to push
their primary law firms to reduce costs.
I have not heard of a law department that peered this far into the bowels of billing (although I know of a pharmaceutical company that toyed with limiting the profit margin of
its primary law firms), but the quest makes sense.
Only 25.4 % of corporate counsels believe
their primary law firm is best at client service.
[/ a] In fact, 46.8 per cent of respondents to the annual Canadian Lawyer Corporate Counsel Survey said the billable hour is still the main arrangement they have with
their primary law firm, followed by a combination of billable hours and flat fees at 31 per cent.
Just one - third «of corporate counsel recommend
their primary law firm to a peer» which is down roughly seven percentage points from the same survey a year earlier.
The client service opportunity is there for
a primary law firm to lose.
Sophisticated law departments should conduct site visits of
their primary law firms (yes, really)
Carrying over from the last few years is a decline in the use of alternative fee arrangements — 3.2 per cent said AFAs were the billing arrangement they had with
their primary law firm / external service provider, which was a slight drop from 4.9 per cent last year and a considerable drop from 12.7 per cent in 2015.
Herz's post responds to a recent BTI Consulting Survey (courtesy of Gerry Riskin) that found that only «30.7 % of large and Fortune 1,000 companies recommend
their primary law firms» and that «an astonishing 53.7 % of clients ousted their primary law firms in the past 18 months.»
Gorton says he hired
his primary law firm (which he wishes to keep anonymous) to conduct research on legal issues in half a dozen states.
According to a survey by The BTI Consulting Group, only 40.1 % of clients «recommend
their primary law firm to a peer.»