A Corporate Counsel's Guide to Law Firm Panel Selection & Management

As in-house counsel place stricter controls on the work of outside counsel, the need for legal panels has never been greater - they provide consistency of advice and help organisations maximise the value of their external counsel.

For law firms, an increasing amount of law firm fee income is generated through work that comes from a firm’s appointment to the legal panels of many of the largest UK and global companies. Winning a place on the panel of a large company can generate millions of pounds of repeat fee income, providing a predictable revenue stream to the firm for the life of the panel.

A Corporate Counsel's Guide to Law Firm Panel Selection & Management is aimed at both senior in-house lawyers and law firms. It outlines the essential steps that corporate legal departments must take to ensure they select the right firms. The report also includes data from Legal Monitor's proprietary law firm partner database, which will help legal departments assess which law firms have the most partner resource across practice areas and geographical regions.

For law firms, A Corporate Counsel's Guide to Law Firm Panel Selection & Management provides a unique insight into the mindset of corporate counsel. It will help firms navigate the ITT and interview processes, and provide guidance on how to develop a successful post-pitch plan.