GCs Not Satisfied With Outside Counsel Rates

, Corporate Counsel

   | 2 Comments

The Consero Group's "2013 Spring General Counsel Survey" finds that 61 percent of Fortune 1000 general counsel are not satisfied with the rates they pay to their outside counsel.

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What's being said

  • Robert Shaines

    If some of the General Counsel take the time to search out small firms in the areas where outside assistance is required, I believe they would find very competent representation at what may be considered bargain rates in the legal market.

  • not available

    If GC's want to drive a Ferrari, and they want to tell their friends that they drive a Ferrari, then they can't expect to pay the price of a Cadillac and get a Ferrari.
    Until GC's have a real, personal financial stake in lowering their spend, and decide that for the vast majority of their work they "only" can justify a Cadillac - at a Cadillac price - then they will continue to not like the rates but will pay them. A Ferrari is a more expensive car than a Cadillac.

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