Survey Says Cost Cutting More Than Just Talk for Legal Departments
This article from the New York Lawyer tackles one of the primary questions facing Legal Departments today: How to cut costs in the most effective ways to improve their bottom line. “Cost-control methods in law departments are more than just talk as cost pressures are creating a fundamental shift in the management and operation of the departments and their interaction with outside counsel, results of a recent Hildebrandt International survey suggest.
Results of the Law Department Survey are a further indication that more work is being brought in-house, alternative fee arrangements are in high demand and spending is shrinking. The rate of increase for inside and outside legal spend and compensation slowed in 2008.” Continue reading….
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