Are You In or Out? In-House vs. Outside Counsel

 

Increasing regulation and legal pressure on companies have led to ballooning legal fees. Some small and mid-size companies who have hired in-house counsel have found advantages beyond controlling costs. This report examines the advantages and disadvantages of both in-house and outside counsel. It also gives pointers on keeping outside legal bills manageable, including the following danger signs that a company is overpaying for its outside counsel:

Senior partners work on routine matters that could be handled by associates

  • “Learning curve” items where an attorney charges you for his education
  • Drafting documents
  • Legal research
  • Travel time and expenses

 

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Executive Action Report (5 pgs)
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