- Monday, 16 May 2016
Corporate clients are bleeding law firms without them realising it, as work is funnelled away to cheaper providers by in-house counsel who wish to avoid confrontation over pricing, according to a report. The steady process of commoditisation was behind the shift, it said.
Tags: general counsel
Posted in Latest news, Market monitor
It will be a great pity if any policymakers are influenced by this report because it suffers from some serious flaws and misinterpretations of what is going on in England and Wales.
In the absence of full-scale office-based working, law firms and corporate legal departments will need to find new ways of ensuring collaboration and knowledge sharing among their legal professionals.