One of the arguably unforeseen positive by-products of the recent – and for many, on-going – financial crisis is that it has boosted the status of in-house counsel. For so long dismissed by their private practice counterparts as being a repository for the nearly retired, legal departments are now perceived to have the whip hand in relation to the allocation of work, costs and billing structures. Ironically, however, that view doesn’t seem to have percolated to the actual legal directors themselves. As our survey of GCs shows, fewer than a fifth have the impression that their influence has improved significantly over the past few years of economic blight.
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