In the current market, GCs confront both a surging need for legal services and an ever-increasing pressure to control budgets. Against this challenging backdrop, earlier this year we asked nearly 1,000 in-house counsel which firms provide the best return on their legal spend investments.
The premise of our fourth annual outside counsel rankings is simple and direct. We asked in-house counsel two simple questions: 1) “Which law firms does your company engage for legal services?” and 2) “Please indicate the highest level legal work for which your company will engage the particular firm(s).” The “levels” of work were defined along a four-point scale:
1. Cost-efficient, bulk tasks
2. Routine matters
3. High-value, complex matters
4. “Bet-the-company” matters
In-house lawyers — from nearly 440 companies and over 40 cities — shared with us their evaluations of their companies’ outside law firms. Check out the results here.
