When it comes to cutting costs, spend on external counsel is the primary target for in-house legal teams. In a current IACCM survey, 74% of participants say they are using fixed fee arrangements, detailed billing reviews and panel discounts. Just over 50% have transferred some work back from outside law firms into their organization. Unlike most other business functions, a majority do not see new technology having a major impact on legal costs or resources in the short to medium term.
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