In-house counsel experience intense pressure to manage legal spending and deliver quality results. In this practical webinar, you will explore the latest best practices for budgeting, setting expectations, and controlling staffing. You will also explore the advantages of alternative fee arrangements by analyzing concrete examples of alternative fee arrangements for transactions, regulatory work, intellectual property protection, and litigation. You will learn how to move beyond the billable hour and create relationships with outside counsel that focus on value.
Upon course completion, you will be able to:
- Manage legal spend using budgeting and benchmarking tools
- Engender communication and responsiveness from outsourced legal firms
- Identify 4 advantages of alternative fees
- Reference examples of innovative alternative fee arrangements
- Utilize practical and easy collaborative techniques
- Ensure win/win resolutions