As in-house teams consider how to best divide responsibilities related to contracting, intellectual property, M&A, and litigation matters, there are ways to be smart about using outside counsel.
Contract management and negotiation
Multiple tasks related to the company’s contracting needs are handled internally, including coordinating and handling document drafting and review approval (91 percent); discussing transaction details and negotiation issues with business people (88 percent); and negotiating contract terms with the counterparty (87 percent).
Litigation and dispute management
Budget pressures continue to push legal departments to handle at least some portions of litigated work in-house; usually these activities are associated with early case assessment, including internal information gathering (91 percent), managing legal hold process (82 percent), and initial information gathering for discovery (81 percent).