The law department is no longer exempt from executive budget scrutiny and budget cuts. Incremental law firm rate increases, lack of transparency in spend data, and “I’m a legal practioner not a business manager” mentality is not acceptable in the “new normal” age. The chief legal officer and/or the general counsel must proactively demonstrate to executive leadership how the law department, like any other corporate department, is becoming more efficient in this post-recession economy.
This article will explore how to create and foster a law department culture that excels in the business of practicing law for both long-term cost savings and for obtaining better legal results. This article will provide some structure to the business of practicing law value and then illustrate how to apply this value to the hiring process. Subsequent articles will focus upon the outside counsel management stages of directing the staffing model, matter budget, invoice line entry review, and quantitate and quantitative performance analysis.