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We recently asked corporate legal departments what they thought are the most important evaluation factors in selecting outside counsel. The answer is, as the chart nearby indicates rather resoundingly, relationships still matter.
Top Factors for Evaluation Outside Counsel
It’s important to note this question was a ranking question where the lower the number the better. When asked to rank a set of factors for evaluation outside counsel, the top five were:
1. Existing relationship
2. Proven results
3. Responsiveness
4. Efficiency
5. Flexible pricing
The results shown are also generally consistent with previous studies on the top evaluation factors.
New Corporate Legal Survey Set For Release
This question was just one in a larger survey set to be released this week (update: its been published here). We surveyed respondents from corporate legal departments – 90% of which identified as corporate attorneys and a majority holding positions such as general counsel, associate general counsel and chief legal officer.
We will publish a presentation with the survey results on this blog on Wednesday, November 12, 2014. In addition, we’ll be hosting a webinar early next Month with our own Kris Satkunas and Mike Haysley.
- What: Pulse-Check Survey of Legal Department Operations (LDO)
- Who: Corporate legal professionals and inside counsel
- When: Thursday, December 4, 2014 1:00-2:00 p.m. EST
- Where: Free online webinar; register here
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