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COMPANIES ARE tightening their legal budgets, and Mercedes-Benz is the latest organisation to have toughened its expectations of its external legal counsel when it comes to accounting for…
COMPANIES ARE tightening their legal budgets, and Mercedes-Benz is the latest organisation to have toughened its expectations of its external legal counsel when it comes to accounting for costs.
"We now have a very tight [billing] process," Mercedes general counsel Iain Larkins said. "When a new job comes along we agree a fee - it's all documented and we review on a monthly basis, or earlier. There's a whole budget amendment process which advisers must justify."
UK firms Nabarro and Wragge & Co won the two places on the panel from a pool of 11 firms.
>> For the latest news, views and analysis of issues affecting in-house lawyers, check out Lawyers Weekly's dedicated in-house site www.lawyersinhouse.com.au
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