Canadian Lawyer’s annual Corporate Counsel survey asks in-house, government and corporate counsel about the operation of their legal department, their relationships with external law firms and service providers, and the issues that keep them up at night.
Legal departments are loyal to existing firms, while risk management and compliance are pressing issues
While alternative fee arrangements and seeking out external law firms with a diverse roster of lawyers were not top of mind for most in-house counsel who participated in Canadian Lawyer’s 2018 Corporate Counsel Survey, the billable-hour model and developing external counsel relationships were.
Legal department management and cybersecurity topped the list of concerns in Canadian Lawyer’s Annual Corporate Counsel Survey.
As in-house counsel continue to experiment with alternative fee arrangements, there has been a shift toward looking more at overall value — whatever fee arrangement is ultimately used.