McGraw Hill GC: ‘Gut Checks’ Are Better than AFAs

Lucy Fato, Executive Vice President and General Counsel at McGraw Hill Financial , is focused on reducing legal costs, but not necessarily with alternative fee agreements. Fato said she prefers having an occasional “gut check” conversation if a firm is spending too much.

In the final installment of a two-part series in Big Law Business, Fato shares what McGraw Hill Financial is doing to rein in legal costs, sounds off on law firm lunches, diversity, and her hometown football team, the Pittsburgh Steelers.

Part II Excerpts:

Getting better control over who we’re spending money with, how they are staffing deals, how ...