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GLS External Counsel Engagement Letter™
Template document to engage external counsel
The Problem
You are tired of unpleasant surprises when you engage external counsel.
Related challenges include:
- unacceptable uncertainty around external counsel’s scope of work
- lack of clarity about what you will get back from external counsel, and by when
- too many instances of scope creep and unbudgeted costs
- external counsel’s engagement terms contain too much fine print
- you want external counsel to stand behind their advice
- you want to know that your account is valued
- mobilising external counsel seems to take forever
- you are done with unpleasant conversations with external counsel
Wouldn’t it be great if you could get exactly what you want from external counsel in a cost-effective manner, whilst maintaining a great relationship with them?
The GLS Solution
GLS External Counsel Engagement Letter™ delivers to you a comprehensive, best-practice means of engaging external counsel in a transparent and value generating manner.
This solution allows you to “bespoke” a starting point that reflects current best practices on transparent and value-building external counsel engagement terms, to you own custom position.
GLS External Counsel Engagement Letter™ brings certainty to your dealings with external counsel, by ensuring that there is a clear understanding on the key points that drive an effective relationship.
This solution puts an end to uncontrolled expenses by providing you with the structure needed to clearly define what you expect external counsel to deliver, and how much you expect to be charged.
GLS External Counsel Engagement Letter TM enables you to build effective relationships with external counsel and facilitate your access to legal expertise in an efficient and effective manner.
Problem solved.
Solution Deliverables
| Engagement Letter: | A pro-forma engagement letter covering GLS’ best practice content for engaging external counsel. |
| Work Order: | pro-forma work order template that confirms the precise details of each specific mandate on which you instruct external counsel. |
| World Class: | This tool is prepared by world class lawyers who have experienced working in leading firms and top in-house positions. |
| Real World Tested: | This tool is developed on the basis of countless instructions of the GLS Group, which has not experienced any instances of scope creep or cost overrun on any project. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $499 | 35min |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
Human Capital
Legal Operations
Service Provider
Performance
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
