Some Perspectives on the General Counsel's World

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In a recent LawBiz® Tip we considered the differences in outlook between lawyers and their corporate clients. Whether the issue is hourly rates, cost cutting, work-life balance, or other measures, corporate culture is focused on organizational performance and values, while law firm culture is primarily individualistic and focused on personal performance.

Corporate GCs today have a much larger budget for legal fees than ever before; and that, plus the fact that more of them have come from elite law firms, gives them a greater degree of respect within their own organizations. Also, in many cases, GCs are increasing the size of their legal departments as one way to control legal costs. They can "purchase" the legal talent at wholesale (as an employee of the legal department) rather than retail (law firm associate or partner).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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