Tag Archives: Corporate Counsel

Lobby of Wells Fargo office at 150 E 42nd St, New York, NY. Photo by Josh Block

Independent Report Finds Wells Fargo Lawyers at Fault (Audio)

Independent Report Finds Wells Fargo Lawyers at Fault (Audio)

  Last week Big Law Business’s Gabe Friedman reported on Shearman & Sterling’s investigation into the Wells Fargo sales scandal. Earlier today, he discussed the story, which found that the bank’s legal department focused too much on cost-containment, and made the scandal worse. Gabe speaks on Bloomberg Radio’s “Bloomberg Law.”   https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vVm8nbdJOAmc/v2.mp3   Subscribe to the

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PayPal’s Top Lawyer on How to ‘Earn a Seat at the Table’

Louise Pentland holds an expansive view on how a top in-house lawyer should contribute to the company. “As an in-house lawyer, the best you can get is when you’re integrated with the business team,” said PayPal’s Chief Business Affairs and Legal Officer. But that’s far from how Pentland said PayPal’s legal team operated before she joined

Photo by SeongJoon Cho (Bloomberg)

Corporate Counsel Group Issues Law Firm Cyber Guidance

By Michael Greene, Bloomberg BNA The Association of Corporate Counsel (ACC) has issued its first-ever guidelines on the basic data security measures that in-house counsel should expect from their law firms, in the wake of reported data breaches at Cravath Swaine & Moore LLP, Weil Gotshal & Manges LP and other firms. Some of corporate America’s most sensitive

The Groupon Inc. website is displayed on a computer monitor in an arranged photo taken in New York, U.S., on Tuesday, Feb. 9, 2016. Groupon is scheduled to release earnings figures on February 11. Photographer: Michael Nagle/Bloomberg

Groupon is Creating Scorecards to Evaluate Outside Law Firms

The latest tool that corporate legal departments are using to curb outside counsel costs is something that TGI Friday’s and other restaurant chains have been using for years to maintain their level of service — evaluation cards. That’s our latest technology, said Matt Miller, vice president and deputy general counsel of Groupon, at a Big Law

Brad Smith.  Photo by Stephen Brashear (Getty Images)

Microsoft’s Top Lawyer Toasts Legal Secretaries

Lawyers often fret about what will happen when intelligent machines are capable of performing their jobs. But automation has already affected some people at law firms — the support staff. This week in Davos, Microsoft’s Chief Legal Officer Brad Smith provided a reality check on how much automation technologies have already transformed law firms. On a

Photo by Indranil Mukherjee/AFP/Getty Images)

GE Creates ‘Yelp for Lawyers’ to Assess Outside Law Firms

General Electric has developed what it’s calling a Yelp for lawyers. An internal website is now available to its approximately 800 in-house lawyers, through which they can search “preferred providers” of outside counsel and learn about their track record with the company. Titled GE Select Connect, more than 200 of the company’s outside law firms

A racegoer watches the first race through binoculars during the Epsom Festival at Epsom Downs racecourse on June 4, 2005 in Surrey, England. (Photo by Scott Barbour/Getty Images)

In-House Lawyers Should Watch Their Law Firms in Court, Judges Say

In-house counsel and company executives who can make decisions need to attend hearings to see what they’re getting for their legal fees, patent judges said. Judges told Silicon Valley patent lawyers that in-house attorneys and their clients should know what they’re paying for when they hire counsel to litigate their disputes. And the best way

Photo by Brian Bahr (AFP/Getty Images)

Partner or Protector? How Inside Counsel Can Get to ‘Yes’ (Perspective)

Editor’s Note: The author of this post is a lawyer with a strategic business role at her company. By Moujan Kazerani, General Counsel of Emerging Businesses, Dun & Bradstreet At many corporations, the legal department is the “Department of No.” Most of the inside counsel’s day consists of repeating that one word over and over.

Photo by Stu_spivack (Flickr/Creative Commons)

Perspective: Are Law Firms Just Like Other Vendors?

Editor’s Note: The author of this post is the founder and CEO of Legal Mosaic, a strategic consulting firm. By Mark Cohen, Chief Executive Officer, Legalmosaic I recently spoke at a Legal Procurement conference where the topic was “Managing Relationships.” My takeaway: providers want to know how to close business and buyers want more for

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Seeing Through A Request for Transparency

Photo by Ramesh NG (Flickr/ Creative Commons) Editor’s Note: The author of this post is the director of marketing for Viewabill, a company that manages billing activity.    By Daniel Steinberg, Director of Marketing, Viewabill “Transparency” can be a high-voltage word when it comes to the delicate area of attorney billing. In the stress of

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