transcript   Transcript

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

Recorded on: Dec. 19, 2016
Running Time: 01:27:07

Full Transcript:

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Taken from the Web Program Effective Management of Outside Counsel 2016: Fully Leveraging the Attorney-Client Relationship recorded December, 2016 in New York.

Effective Management of Outside Counsel: Challenge, Opportunity, Attorney-Client Relationship, Cost Management [01:27:07]

I. The Challenge and the Opportunity 
a. The challenge and importance of effective management of outside counsel
        b. Why is this seminar important/necessary?
        c. Challenges of the junior, mid-level, senior in-house lawyer
        d. Overview of the seminar topics/what we hope to accomplish
        e.  Practical take-aways from the Seminar

II. Setting Ground Rules for the Attorney-Client Relationship 
        a. Why are ground rules important?
            i. Define what the client/in-house lawyer needs and values
            ii. Avoid surprises/disputes in the relationship
            iii. Lay the groundwork for optimal dynamic
        b. Obstacles to setting ground rules
            i. Hiring during crises/emergencies
            ii. Politics involved in hiring the law firm/lawyer
            iii. Imbalance of experience/seniority
        c. What should the ground rules cover?
            i. Goal(s) of the assignment
            ii. Cost/budget issues
            iii. Reporting Lines
            iv. Communication/update issues
            v. Approved tasks/special tasks

III. Proven Strategies for Cost Management 
a. The role/responsibility of in-house counsel in managing cost
        b. The opportunities for in-house counsel in managing cost
        c. What generates legal cost?
            i. Internal versus external spend
            ii. Transactional versus litigation/compliance spend
        d. Strategies for effective cost management
            i. Defining goals
            ii. Optionality versus commitment
            iii. Cutting costs while maintaining quality
            iv. Options 
                1. Rates-based cost management
                2. Caps/fixed fees
                3. Other Structures

Speakers: Jill A. Centella, Pierre M. Gentin, Mary Reisert

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

  • Effective Management of Outside Counsel: Practical Tools for In-House Counsel
    Pierre M. Gentin, Jacquelyn E. Ryberg
  • Procurement and Legal—A Perfect Storm, GC Magazine (Summer Issue 2016)
    Pierre M. Gentin, Jodi Bartle
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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