Four Rules for the Rest of Us: Overcoming Hazards When Managing Your Outside Counsel
It shouldn’t take feats of strength to cut legal spend.
New clients sometimes come to us like George, in some level of exasperation. They all invariably possess a level of frustration stemming from a strained relationship with their outside counsel. (We even sometimes listen in on real-life airings of grievances.) Of course, it all stems from outside counsel continuously increasing rates without justification or controls.
Bodhala was founded on the belief that the relationships between companies and their outside counsel are needlessly opaque and rife with perverse incentives. But it’s fixable. Working with forward-thinking General Counsel at leading Fortune 500 organizations we’ve learned some lessons along the way and want to share with you four hazards.
To overcome difficulties with outside counsel, it’s important to lay down some ground rules at your next annual review to ensure you’re master of your domain. When crafting future billing guidelines with outside counsel, consider these fixes to four potential hazards:
HAZARD 1: Outside counsel submits bills full of “block billing” entries
HAZARD 2: Outside counsel makes inappropriate staffing decisions
HAZARD 3: Outside counsel regularly submits rate increases
HAZARD 4: Outside counsel doesn’t provide timely data, or no analytics are being
enabled or monitored
The Bodhala Solution: Download Four Billing Guidelines You Need With Your Outside Counsel to learn strategies for overcoming these 4 hazards with contract boilerplate language
Look, we can never take out every piece of friction in your relationship with your outside counsel. But we’d love to try and do everything we can to avoid frustration and ultimately save you a lot of money.
It’s really as simple as this: call us, yada yada yada, and you save huge chunks on your legal spend.