I’ve written extensively about what law departments can do to innovate their panel convergence efforts in recent years, including in my book, Successful Innovation Outcomes in Law: A Practical Guide for Law Firms, Law Departments and Other Legal Organizations. I’ve also made the book chapter on panel convergence available for free here.
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I’m not surprised to see some significant stories recently about aggressive efforts by law departments to trim bloated lists of outside law firms and end up with leaner and more aligned panels. There are many reasons: corporate directives, economic stress, cost-cutting initiatives, reports of NYC associate billing rates topping $1,000 an hour, partners hoarding billable
Stories abound these days about general counsels wanting their outside law firms to help them with innovation and technology efforts. My own conversations indicate that the real wish goes a step further. General counsel want their outside firms to bring them measurable value with innovation and technology initiatives that align with their legal and, more
