find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Levi's tightens belt on legal spend

Levi's tightens belt on legal spend

Skinny jeans are one thing, but a skinny legal team? That's exactly what Levi Strauss is hoping for.

SKINNY jeans are one thing, but a skinny legal team? That's exactly what Levi Strauss is hoping for. 


The jeans manufacturer has radically cut the number of law firms that it uses down to just two, in some serious (legal) weight loss. 


According to reports in Corporate Counsel magazine in the United States, general counsel Hilary Krane said that in addition to yielding improved work at a lower cost from their external counsel, the deals Levi's have now demand better performance from the in-house team. 


In ay last year, Levi Strauss chose law firm Orrick, Herrington & Sutcliffe to handle all of its worldwide legal work, except for global intellectual property cases. Just a month later, it handed its IP work to Townsend and Townsend and Crew. 


Both firms are now being paid flat fees, Corporate Counsel reports. So the company is using alternative fee arrangements for 100 per cent of its routine outside counsel spend. 


The flat fees, while not disclosed by figure value, were worked out by a review of historical spending trends and planned work for 2010, the Krane said. 


According to a global finance and governance counsel who was interviewed by Corporate Counsel, the move by Levi Strauss had cut the company's outside legal spend by about 20 per cent. 


Krane said the simplicity of flat fee billing has freed up her in-house team from having to negotiate fees with firms, as well as their having to keep track of administrative things. 





Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Levi's tightens belt on legal spend
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Applauds
07:00
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
07:00
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...