Get Used To Demanding GCs

Law360, New York (October 25, 2010, 6:15 PM EDT) -- A company's general counsel now holds the cards in the law firm-client relationship, a shift in the balance of power that is likely here to stay, a new report on corporate legal spending says.

GCs, who continue to spend much less on outside counsel than they did in the pre-recession heyday, still demand better client service from firms, according to the Premium Practices Forecast 2011, released Monday by The BTI Consulting Group Inc. (Wellesley, Mass.).

The average company's spending on outside counsel fell from a 2008...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.