Breakdown of Creating Your Business Terms and Conditions

From culling examples, reviewing best practices, and on the ground experience, learn how to build and refine your company's outside counsel engagement standards (business terms and conditions or "Standards"). Hear tips on how to obtain buy-in, levers to insert into your Standards, and how to keep them current.  

Key Benefits of Developing Your Standards: 

• Protection: covers the base requirements your company expects from firms 

• Time Saving: referenced and leveraged for all legal engagements 

• Cost Savings: provides the firm direction on tactical items (how to bill, permissible costs) 

• Strategic Alignment: issues guidance on major company initiatives (alternative fees, DE&I)