Strategies for In-House Counsel to Reduce Litigation Costs: Insourcing, Bill Review, Managing Outside Counsel and More
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
- work Practice Area
Banking and Finance
- event Date
Thursday, October 13, 2016
- schedule Time
1:00 PM E.T.
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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This CLE course will address strategies that can be implemented by in-house counsel to reduce the overwhelming costs of litigation without sacrificing the quality of the service provided by outside counsel or compromising a strong legal defense to claims brought against the company.
In-house counsel are under constant pressure to reduce litigation costs without increasing the company’s exposure to high-dollar verdicts. Savvy in-house counsel have found proven methods by which this can be accomplished without compromising the company’s position in litigation.
Pre-dispute tools which limit future litigation should be employed by in-house counsel to reduce litigation risks. Long before a claim arises, in-house counsel must have mechanisms in place to develop a litigation budget to coordinate and manage the litigation with outside counsel, and have solid relationships with outside counsel who are conscious of avoiding unnecessarily high legal expenses.
By maximizing use of company resources during a claim investigation and litigation and incorporating organized reporting and billing systems, in-house counsel are well on their way to effectively reduce costs throughout litigation.
Listen as our panel of experts addresses pre-litigation strategies for reducing future legal costs, options for choosing effective counsel, various fee structures to minimize legal fees, and other proven mechanisms for cutting overall costs throughout the litigation process.
- Pre-dispute techniques
- Choosing appropriate outside counsel
- Fee structuring and discounting
- Maximizing company assets
- Avoiding overlitigation
- Litigation best practices for outside counsel
- Bill review tools
The panel will review these and other key issues:
- What can in-house counsel do before disputes arise to limit litigation?
- How should in-house counsel choose outside litigation counsel?
- Do alternative fee structures and fee discounts reduce legal costs?
- How can in-house counsel utilize company assets to in-source legal costs and avoid reinventing the wheel?
- What policies should be in place for outside counsel to avoid overlitigation and unnecessary fees?
- What tools can be used to ensure bills are accurate and the company is not being over billed?
