At this year’s LMA, we were fortunate enough to have not one, but TWO sessions with General Counsel. This one took place at the end of the first day, and included a procurement guy – a first for the LMA. The session was titled "GC Focus: Project Management. Position Your Firm in Alignment With the Unique Challenges Faced by In-house Counsel."
Panelists included Keith Isgett, the Managing Attorney-General – Global External Legal Relations, GlaxoSmithKline (GSK), Justin Ergler, Sourcing Group Manager, Legal Services Procurement, GlaxoSmithKline, and Nat Slavin, Founder and Partner of Wicker Park Group, along with Moderator Alicia Brown, Director of Strategic Relationships for Bloomberg Law.
After their introductions, Isgett kicked it off by saying that he wants to receive the best representation for the best price, and part of the "best representation" is having a good relationship with the law firm. The procurement team is there to make sure that what they’re paying for is what they receive, and that there is value there. Isgett noted that "People are still talking about discounted hourly rates, which means we’re not as far along as I’d like us to be." Continue Reading GC Focus – an LMA Annual Conference Recap