Speaking at the Blooomberg Big Law Business Summit, Ann Klee, VP of global operations, environment, health and safety, said: 'Our outside counsel costs are increasing – faster than the rate of inflation. If we look at lawyers whose rate are $1,000 an hour, the number of those lawyers has increased by 75 per cent.'
Less with less
Ms Klee - standing in for general counsel Brackett Denniston - said that he says this is the most challenging time for inhouse lawyers at GEC who have to do 'less with less' and innovate. Source: Bloomberg Business of Law
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