Rethinking Legal Fees In Lean Times. Practical Tips for General Counsel Managing Litigation In An Economic Recession.

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Steep declines in corporate revenue have shareholders and CFO’s knocking at the doors of their company’s general counsel demanding drastic reductions in legal budgets. Despite the decline in revenue, litigation has not seen a similar recession. Fees and costs associated with major and systemic litigation continue to grow, and so do the pressures on in-house counsel to manage and contain these expenses. Faced with mandatory 35% reductions in legal budgets, general counsel continue to search for ways to accomplish those reductions while still meeting the challenges of successfully handling big stakes litigation.

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Hinshaw & Culbertson LLP on:

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