Nearly 50 percent of global general counsel and chief legal officers say they might end a law firm or outside counsel relationship this year because of underperformance, according to a new survey from the Association of Corporate Counsel, the bar association for in-house attorneys.
The ” ACC Chief Legal Officers 2017 Survey,” which looks at feedback from nearly 1,100 CLOs and general counsel from 42 countries, shows that corporate counsel may shake up their outside counsel relationships if performance isn’t where they want it to be. Indeed, 46 percent of respondents report that they either definitely (10 percent) or may (36 percent) terminate their relationship with outside counsel or firms that are underperforming.
