One particularly interesting statistic emerged from our in-house survey last month: 33% of respondents said they felt law firms were not handling their work at the appropriate level. And the biggest losers in all of this? The senior associates.
For general counsel, extracting the ultimate value from external legal advisers is really about making the most of existing legal spend, rather than simply driving firms down on price. But the current high leverage models employed by the majority of modern law firms preclude firms from resourcing work cost-efficiently: there are too many associates to carry.
