GCs Not Satisfied With Outside Counsel Rates

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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