Law360, New York (May 12, 2016, 11:02 AM EDT) -- Everyone knows that the role of corporate counsel (a/k/a in-house lawyers) has undergone a transformation that has accelerated post the global financial crisis of 2008. Their number, influence, compensation, responsibilities and status have risen dramatically. Why?
A Quick Introduction to The “Why?” Question
Corporate legal departments are in the midst of a “golden age,” while law firms are feeling the squeeze. There is a causal connection.
Demand for law firm services is flat while many corporate departments are hiring and taking on more and more work once outsourced to law firms. This results in no small part from law firms’ failure...
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