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Legal Mag > Blog > General Counsel > ‘Take Advantage of the Leverage’: How Legal Departments Can Rein in Rate Hikes
General Counsel

‘Take Advantage of the Leverage’: How Legal Departments Can Rein in Rate Hikes

Press Room
Press Room 1 month ago
Updated 2023/04/26 at 3:43 AM
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Here’s a novel way legal departments could approach fee negotiations with their outside law firms: Adopt a “good cop/bad cop” strategy, bringing in a third party to play hardball in the process.

That’s one of the suggestions from rate-negotiation experts, who say the approach reflects the reality that general counsel often are ineffective at keeping rates in check, in part because they’ve become friendly with their law firm lawyers and fear damaging that relationship.

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Press Room April 26, 2023
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