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    « Don’t ask for a single budget, ask for scenarios of plausible outcomes in a matter and the associated fee estimates | Main | Ten benchmarks many general counsel wish they could obtain and ponder »

    Another set of 12 practice pros and cons

    Since my previous post on the advantages and disadvantages of fifteen practices (See my post of March 23, 2009: pluses and minuses of 15 practices.), I have accumulated a dozen more debate posts.

    1. Break-outs or plenary sessions at large meetings (See my post of April 25, 2009: meetings and smaller sub-group meetings.).
    2. Cross selling by law firms or let me find my own firms (See my post of April 2, 2009: marketing by external counsel to companies that are already clients.).
    3. Fixed fee services vs. hourly billing (See my post of April 9, 2009: set prices for legal services.).
    4. Formally evaluate outside counsel or let lawyers use and drop firms naturally (See my post of April 14, 2005: evaluations of outside counsel.).
    5. Give inventors a share of patent revenues or shy away from that inducement (See my post of March 27, 2009: gainsharing with inventors.).
    6. Hire lawyers to bring work inside or choose other techniques (See my post of July 4, 2009: substitute inside lawyers for external counsel.).
    7. IT staff as employees or not (June 24, 2009: information technology support staff.).
    8. Make clients fill out forms to obtain legal advice or just let them call (See my post March 26, 2007: pros and cons of client Requests for Services.).
    9. Negotiate discounts or manage costs another way (See my post of March 20, 2009: six reasons for discounts.).
    10. Assign responsible lawyers for chief firms or stay laissez-faire (See my post of July 8, 2009: pros and cons of relationship lawyers in-house.).
    11. Specify the format for responses to RFPs or let firms decide the arrangement (See my post of April 2, 2009: should you tell law firms how to reply to a Request for Proposal.).
    12. ADR techniques compared to litigation (See my post of Feb. 7, 2007: speed and involvement of executives.).
    13. Use virtual deal rooms or rely on hard-copy repositories (See my post of Jan. 30, 2009: eight benefits of virtual deal rooms.).

    Posted on July 9, 2009 at 01:38 PM in Tools | Permalink

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