transcript   Transcript

Effective Management of Outside Counsel: Challenge, Opportunity, Attorney-Client Relationship, Cost Management

Recorded on: Dec. 14, 2017
Running Time: 01:28:58

Full Transcript:

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Taken from the Web Program Effective Management of Outside Counsel 2017: Fully Leveraging the Attorney-Client Relationship Recorded December 2017 in New York

Effective Management of Outside Counsel: Challenge, Opportunity, Attorney-Client Relationship, Cost Management [01:28:58]

  • The Challenge and the Opportunity (30 minutes)
        o The challenge and importance of effective management of outside counsel
        o Why is this seminar important/necessary?
        o Challenges of the junior, mid-level, senior in-house lawyer
        o Overview of the seminar topics/what we hope to accomplish
        o  Practical take-aways from the Seminar
  • Setting Ground Rules for the Attorney-Client Relationship (30 minutes)
        o Why are ground rules important?
            o Define what the client/in-house lawyer needs and values
            o Avoid surprises/disputes in the relationship
            o Lay the groundwork for optimal dynamic
        o Obstacles to setting ground rules
            o Hiring during crises/emergencies
            o Politics involved in hiring the law firm/lawyer
            o Imbalance of experience/seniority
        o What should the ground rules cover?
            o Goal(s) of the assignment
            o Cost/budget issues
            o Reporting Lines
            o Communication/update issues
            o Approved tasks/special tasks
  • Proven Strategies for Cost Management (30 minutes)
        o The role/responsibility of in-house counsel in managing cost
        o The opportunities for in-house counsel in managing cost
        o What generates legal cost?
            o Internal versus external spend
            o Transactional versus litigation/compliance spend
        o Strategies for effective cost management
            o Defining goals
            o Optionality versus commitment
            o Cutting costs while maintaining quality
            o Options 
            o Rates-based cost management
            o Caps/fixed fees
            o Other Structures

The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • Effective Management of Outside Counsel: Practical Tools for In-House Counsel (December 15, 2016)
    Jacquelyn E. Ryberg, Pierre M. Gentin
  • Jodi Bartle, Procurement and Legal—A Perfect Storm, GC Magazine, Summer Issue 2016
    Pierre M. Gentin
Jill A. Centella ~ Managing Director & Global Head of Litigation, Government Investigations and HR Legal, JPMorgan Chase & Co
Pierre M. Gentin ~ Cahill Gordon & Reindel LLP
Mary E Reisert ~ Managing Director and General Counsel of ICG Litigation, Citigroup Global Markets Inc.
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