Outside Counsel Rationalization

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The process of a company strategically reducing the number of external law firms it works with. This aims to improve efficiency, reduce costs, and build stronger relationships with key legal providers.
The company is undergoing outside counsel rationalization to streamline legal services and cut costs.
There aren't many legal cases directly related to this business practice.
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Frequently Asked Questions

What are the benefits of outside counsel rationalization?

Reduced costs, improved efficiency, stronger relationships with key law firms.

What are the challenges of outside counsel rationalization?

Finding qualified firms that meet all legal needs, managing the transition, ensuring continuity of service.

How to approach outside counsel rationalization?

Evaluate current legal spend, identify core legal needs, shortlist qualified firms, negotiate favorable rates.

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