Growing concerns about risk and transparency have been driving German companies with international footprints to rely more heavily on their legal departments.
And when the companies have to use outside counsel, the work is increasingly going to small panels of preferred law firms, according to a new study that hints at global trends.
The report is based on interviews with top in-house lawyers at 33 German companies, some of which are subsidiaries of multinational businesses based in Asia, Latin America and the U.S. The in-house leaders spoke with study author Mari Sako, a professor at the Saïd Business School at the University of Oxford.
Sako told Corporate Counsel that the companies were concerned…
