There is a bit of buzz being generated by Reed Smith’s latest service innovation, a kind of “general counsel hotline” for consultations about those thorny issues that are not entirely legal in nature, such as: how to build a law department; how to deal with a sensitive board vote; or how to deal with the CEO.
The firm is offering up some of its lawyers with general counsel experience to provide a kind of sounding board and networking tool to assist GCs with some of the issues that are most important to them.
It will be interesting to see if other firms follow suit on this. I am betting that clients will find this value-added service to be of great benefit, and it should only help to cement the bonds between client and firm.
For more about this interesting development, read the recent story that appeared in Corporate Counsel magazine.