Law department leaders can use the survey to evaluate their outside counsel’s hourly billing rates, billable hours and financials relative to comparable law firms. The statistics included in the survey represent broad performance benchmarks against which any individual firm can be measured. Using this information, law department management can compare their outside counsel’s performance with those of the profession as a whole, as well as with firms of similar size, geographic location, population, practice specialty, etc.
This survey will be particularly useful to General Counsel, managing lawyers, administrators, and office or department heads who already make comparative analyses of the various outside counsel statistical data and metrics.
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