Close this search box.
Close this search box.

10 Ways to Squeeze More Value Out of Your Legal Costs

Legal costs can run rampant if they’re not kept under control.

Often, it’s hard to even quantify the value generated from hired legal counsel, and several studies point to controlling legal costs as being a top priority for corporations. Here are 10 ideas for managing your legal spend and maximizing value.

1. Recognize that law firms are not “one-size-fits-all.” A law firm managing your patent portfolio may not be equipped to handle employment litigation. Your small but important matter may be low priority for a firm accustomed to multi-million-dollar deals. A large case might demand extensive e-discovery or economic consultants, resources a larger firm might offer in-house. Recognize firms are not “one-size-fits-all” and narrow the field of candidates.

2. Identify firms with appropriate experience and talent. Legal matters may require deep knowledge of substantive law; or in-depth industry knowledge; or trial or arbitration skills.  Sometimes, a generalist with breadth of experience can best handle the matter. A firm with the right know-how will spend less of your money getting up to speed.

3. Identify firms that understand your business and business goals. A law firm should understand your business and industry and how the matter falls within your business strategy. Is it a bet-the-company case, a vindication of your company’s name, or a mere annoyance? Clear communication reduces pyrrhic victories.


  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events


    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)


    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.