The ever-growing challenges for private practice

The ever-growing challenges for private practice

We are reading with increasing regularity reports of success stories involving GCs in large corporations making drastic reductions to external legal spend.  Significantly, we are also seeing a growing emphasis towards keeping more complex, high-value work in-house while outsourcing the volume, lower value or more mundane work.  Notable recently-reported examples are Telefonica’s 66% reduction in external legal spend over 2 years and EDF Energy’s strategy to keep the “fun stuff” in-house.

Achievements of this kind are being seen as beacons of success for in-house teams.  On any measure it is fair to describe them as client-service wins, furthering the key objective of the in-house team to increase its value and visibility to

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