Company lawyers are increasingly innovating and want law firms to kill outdated time-based billing models, according to an extensive biennial survey highlighting the pressures of a “buyer’s market” forcing firms to change. The Association of Corporate Counsel report on the practices of Australian and New Zealand in-house lawyers shows legal spend hits $2.6 million a year on average, but higher workloads and pressure to cap costs are driving innovation and outsourcing to different providers.
Read more at The Australian Financial Review…
