Managing external legal spend: Insights from our “Around the Table” discussion

On 24 January 2025, we hosted another thought-provoking Around the Table session—this time focused on a critical issue for in-house legal teams: how to effectively manage external panel costs. With a room full of engaged general counsel and in-house legal leaders, the discussion was dynamic, practical, and solution-driven.

From Requests for Quotations (RFQs) and RFPs to the nuances of fixed fees vs. fee caps and blended rates vs. retainers, attendees shared candid insights on what works, what doesn’t, and how to strike the right balance between cost efficiency and legal excellence.

The session delivered real, actionable takeaways, helping GCs navigate the complexities of external legal spend with greater predictability and control—without compromising on the quality of advice they receive.

If you’d like a summary of the key discussion points and practical strategies shared in this session, email us at info@lnpbeyondlegal.com to receive an exclusive insights brief.

Missed this session? Join us at the next Around the Table event, where we cut through the noise and tackle the real issues shaping the future of in-house legal teams.