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:



If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

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
(s)
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.
Share
Email
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.