Workshop A — The Hatch-Waxman Series Advisory Board on “The Three C’s: An Intimate Discussion on the Expectations of In-House Counsel from Their Law Firm Partners”
This unique, interactive discussion group will provide the medium for exclusive, intimate networking and benchmarking opportunities that will shed light on the expectations of in-house counsel from their law firm partners. Esteemed members of ACI’s Hatch-Waxman Series Advisory Board will lead this workshop contemplating “The Three C’s: Cost, Communication and Competency”:
Cost: Monitoring Legal Spend and Balancing the Budget
- Establishing best practices for cost reduction to enhance predictability for cash flow purposes
- Identifying processes to assist with budgeting, fee arrangements and billing
- Examining the value of licensing deals and structures
Competency: Overcoming Talent Limitations with Time-Proven Tips
- Considerations in selecting outside counsel
- Evaluating the appropriateness of work product
- Reconciling firm versus individual reputation and ability
Communication: Communicating Value and Collaboration Between Corporate Legal and Outside Counsel
- Establishing early-on in the relationship the desired level of commitment, availability and responsiveness
- Succinctly focusing on shared, pragmatic business goals
- Determining preferences for formality of correspondence and practical versus academic guidance