This session will explore how in-house legal teams can more effectively manage outside counsel relationships in an era of heightened cost scrutiny and demand for measurable value. As legal departments face increasing pressure to do more with less, the traditional law firm model is being reevaluated through the lenses of efficiency, transparency, and strategic alignment. Panelists will discuss how to move beyond hourly billing toward alternative fee arrangements, implement data-driven vendor management, and ensure that outside counsel are true partners in achieving business objectives—not just service providers. Attendees will gain practical insights into building high-performing, cost-effective legal ecosystems