1. The corporate law function costs too much and takes too long.
2. Most corporate law functions knowingly accept material amounts of waste in two major forms:
(1) Rather than fixed fees agreed between lawyer and client in advance of the work, most pay outside lawyers by the hour, and
(2) Rather than engaging alternative legal services providers (ALSPs) to implement process-based, technology-enabled systems to do routine and recurring legal work cheaper, quicker, and more accurately, they largely avoid ALSPs, and use lawyers in firms or in-house for such work instead.
3. Most general counsel’s backgrounds are confined to the practiced of law; they lack “management” experience as that term is understood elsewhere in the business.
4. It makes no more sense to insist that only lawyers can run the budgets, people, and operations of the corporate law function, than it does to say that only a physician is qualified to serve as CEO of a hospital system. Continue reading