Be assured your panel is delivering the value you want
Written for in-house lawyers, this Practice Note provides a checklist of things to consider when agreeing a mandate with external service providers including scope, effort to be deployed, communication and reporting, remuneration and adding value.
Having selected a law firm to undertake a piece of work, the next step is to agree the terms. Failure to ensure that expectations are clear may lead to serious misunderstanding. The relevant business people should be fully aware of the terms of the mandate.
Scope—the starting point
- what are you seeking to achieve by engaging the firm?
- outlining options and charting a way forward
- supporting the negotiation and conclusion of a deal
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