Too many businesses find that they spend too much on lawyers — and get too little risk protection in return.
But their executive management should not look to attorneys — outside or inside their companies — to fix this on their own any time soon.
At least not without relentless prompting from business leaders.
Only a minority of attorneys practicing in law firms offer business clients alternatives to the billable hour, to purposeful overstaffing & duplication of effort, to insertion of inexperienced lawyers alongside those capable of working on their own, and to the slow-walking of accuracy-enhancing and labor-saving tech adoption.
And only a minority of in-house counsel are making meaningful demands for such alternatives. Though you might expect that in-house counsels’ outlook might align with that of the P&L executives for whom they work.