Legal panels have seen significant evolution in recent times due to stricter selection criteria and the increased competition to make it to a company roster. These panels have become more defined with general counsels insisting that firms demonstrate their value and purpose. Moreover, slimmed-down rosters have become more prevalent.
A recent scrutiny of U.K. panel appointments being tracked by ALM illustrated this shift. The tracking includes metrics such as panel size, duration, selection oversight, and the anticipated next review date, providing a comprehensive insight into the landscape of legal panel appointments.
An analysis of panel reviews over the last five years sheds light on the varying tactics that general counsels employ with their company rosters. The information available here is but a glimpse; the complete details of this thorough analysis are unfortunately hidden behind a paywall.