In-House Counsel Snag Spotlight In Recession: Report

Law360, New York (March 22, 2010, 7:27 PM EDT) -- A majority of law firms believe the economic recession has accelerated a permanent philosophical shift in the legal industry, giving corporate counsel the upper hand and forcing law firms to modernize or lose out, a new report has found.

About three-fourths of partners at major law firms say corporate clients hold the balance of power in their relationships with outside counsel, while 90 percent of general counsel say they are under pressure to provide more efficient legal services, according to Eversheds LLP's third annual Law Firm...
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