Virginia State Bar

An agency of the Supreme Court of Virginia

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Corporate Counsel

A Section of the Virginia State Bar.

Virginia Corporate Counsel Quarterly - Winter 2014

Corporate Counsel News

newsletter of the Virginia State Bar's Corporate Counsel Section

CONTENTS

 

New Options for Outside Legal Services:
Using Low-Overhead Outside Counsel for Increased Value and Responsiveness

by Nicole Bradick Potomac Law Group – Washington, DC

Popular media is regularly reporting new trends for procurement of outside legal services.  A survey in October 2013 by AdvanceLaw indicated that GCs are starting to move away from the most pedigreed firms, even for high-stakes work.  Indeed, 57% of the GCs responding to that survey indicated that attorneys at those firms were “less responsive” than lawyers at other firms.  Altman Weil recently reported that Chief Legal Officers are “trying to find a new, more cost-effective balance of resources” and are shifting work from law firms to in-house lawyers and lower-priced firms. For like-minded corporate legal departments, the options are increasing as new entrants come into the market with innovative, efficient, and cost-effective models.

A Bit of History: Read more... (.pdf)

 

Recommended Reading:

Boardroom Confidentiality Under Focus

Court Addresses If Issuing Stock Requires Written Instrument

Section 220 Complaint Dismissed Pursuant to Rule 12(b)(6)

Companies on Guard for New Legal Pitfalls

Daimler AG v. Bauman: In Latest ATS Decision, The Supreme Court Limits Jurisdiction Of U.S. Courts Over Multinational Corporations  (free login required)

United States: Financial, Corporate Governance And M&A Litigation - Government Regulators Continue To Make Insider Trading A Trial Priority (With Mixed Success) 
(free login required)

In-House Counsel Should Take Advantage Of Amnesty Period For Limited Law License Applicants  (free login required)

 

Section Calendar:

Law School Corporate Counsel panel discussions:
ongoing Spring 2014 – University of Virginia, April 16

Corporate Counsel Swearing-In:  Supreme Court of Virginia, April 11

2014 VSB Annual Meeting CLE: Virginia Beach, June 13

 

Calls for Input and Involvement:

If you would like to be a panelist at our in-house careers panel at UVA Law on
April 16 at 1:00 p.m., please let us know at chris@threshold.cc.

Please take a minute to help your Corporate Counsel section with suggesting topics for newsletter articles, contributing authors, and articles from elsewhere that you would recommend, to VaCCQ HQ at chris@threshold.cc.