Legal Counsel Question:
Tell me what types of matters require you to seek outside counsel?
Answer:
Although the workload has increased, legal department budgets have largely remained stagnant. Some are even shrinking. Your next General Counsel needs to make the most of your in-house resources and set appropriate priorities for delegating responsibility to outside counsel when it’s most cost-effective.
The ideal candidate follows an established framework for determining when to hire outside counsel. This may include matters that require highly specialized regulatory expertise or a substantial risk. The candidate should be mindful of the department budget, understand how to source appropriately and use technology such as electronic billing wherever possible to reduce legal spending.
The ideal candidate follows an established framework for determining when to hire outside counsel. This may include matters that require highly specialized regulatory expertise or a substantial risk. The candidate should be mindful of the department budget, understand how to source appropriately and use technology such as electronic billing wherever possible to reduce legal spending.