Australian law firms finished the second half of fiscal year (FY) 2023 strong, rebounding in the face of softening demand and rising expenses in the first half of the year. That’s among the takeaways from the 2023 Australia: State of the Legal Market Report, which examines Thomson Reuters Financial Insights data from 20 law firms …
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outside counsel
Warning Signs in the Inside/Outside Counsel Relationship, Part II
Read part one of this post here. When I moved from a large law firm to the law department of a large company, I was in unfamiliar territory. I was charged with managing outside counsel who were domain experts outside my personal niche. They were my subordinates in the narrow hierarchy of the corporation’s legal value …
- December 1, 2015
- Alex Cook
Warning Signs in the Inside/Outside Counsel Relationship, Part I
Few relationships end with a bang. Most end with a whimper as the two sides slowly drift apart. While there are no immediate existential threats to the relationship between law departments and law firms, the drift has been apparent for over a decade. Realizations have crept ever downward. And the trend continues with law departments …
- November 30, 2015
- Alex Cook
A Story of Sandwiches
My first interaction with the law firm was as an account rep for a famous Los Angeles deli. We made great sandwiches. They ordered sandwiches in bulk. The law firm was my best and worst customer: Best because they bought a lot of sandwiches; worst because they were never satisfied. The first time we delivered …
- November 9, 2015
- Alex Cook
Thomson Reuters Survey of Legal Departments Highlights In-Sourcing, Outside Partners
EAGAN, Minn. – Eighty-four percent of legal departments outsource half or less of their company’s legal work to outside counsel, with the average department using outside counsel for only 26 percent of their work, noted the Thomson Reuters Legal Department In-Sourcing and Efficiency Report. The report, a survey of more than 300 attorneys working in …
- October 14, 2015
- Alex Cook
