From Cravath: How to Cut Corporate Legal Costs

Hire lawyers who are too busy to pad the billable hour and open to fee-based work, especially in litigation, says Cravath's Evan R. Chesler

As cost-cutting takes hold across the business landscape, corporate general counsels will face enormous pressure to hold down legal expenses—particularly the cost of retaining outside counsel for litigation, which has been notoriously hard to control. Evan R. Chesler, presiding partner of New York-based Cravath, Swaine & Moore, one of the nation's most elite law firms, recently sat down with BusinessWeek to offer advice as to how companies can economize on the legal front.

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