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Limiting Law Firms' Professional Liability Risks: Part 1

Law360 (June 27, 2018, 6:05 PM EDT) -- The relationship between law firms and their corporate clients is changing.

Corporate attorneys are increasingly bringing more work in-house and spreading the remaining work among a number of law firms. In the process, they are demanding more concessions from outside legal counsel in exchange for the opportunity to remain on the company’s approved counsel list. These concessions can range broadly from data protection provisions to limits on working with the client’s competitors, requests for statute of limitation waivers, broad indemnity agreements and more.

Many law firms...
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