Sunday, May 10, 2009
Legal Fees
In the April, 2008 issue of California Lawyer Magazine, the steering committee chair of the Association of Corporate Counsel is quoted as stating that many companies are shifting a sizeable portion of their legal work to regional and boutique law firms (and away from the larger national and international firms). The chairperson stated that in-house attorneys for these companies reported that the regional and boutique firms demonstrated "equal or greater expertise, gave more practical legal advice, and were much more responsive to client needs--all at less cost."
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I read an article in the April 6th edition of the ABA Journal that named DuPont Co. as a major corporation that is leading this trend. Rather than hiring a small number of global law firms (as it did in the recent past), it is hiring more smaller law firms to handle its legal needs.
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