Belt-Tightening Slips On GCs' Priority List

Law360, New York (June 5, 2013, 8:02 PM EDT) -- The top priority among corporate in-house counsel is undergoing a seismic shift, from bottom-line cost cutting toward the creation of value for their companies, according to a report released Wednesday.

Interviews with 300 Fortune 1000 general counsel conducted by The BTI Consulting Group (Wellesley, Mass.) revealed a swing away from such things as budgeting and legal fee discounting, and a move toward a more pro-active approach in which general counsel are increasingly "embedded" in the business.

"It's a bigger ante," BTI President Michael Rynowecer told Law360. Corporate CEOs and executive boards, realizing that legal fee cutting can only go so far,...

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