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Mercedes drives a harder bargain

COMPANIES ARE tightening their legal budgets, and Mercedes-Benz is the latest organisation to have toughened its expectations of its external legal counsel when it comes to accounting for…

user iconLawyers Weekly • 01 April 2009 • NewLaw
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COMPANIES ARE tightening their legal budgets, and Mercedes-Benz is the latest organisation to have toughened its expectations of its external legal counsel when it comes to accounting for costs.

 
 

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As part of its latest UK panel review, Mercedes Benz made it a requirement that law firms justify their expenses on a regular basis, The Lawyer reported.

"We now have a very tight [billing] process," Mercedes general counsel Iain Larkins said. "When a new job comes along we agree a fee - it's all documented and we review on a monthly basis, or earlier. There's a whole budget amendment process which advisers must justify."

UK firms Nabarro and Wragge & Co won the two places on the panel from a pool of 11 firms.

>> For the latest news, views and analysis of issues affecting in-house lawyers, check out Lawyers Weekly's dedicated in-house site www.lawyersinhouse.com.au

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