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The Corporate CounselorLJN NewslettersNewsSections

Turning a Legal Department into a Profit Center

By ALM Staff | Law Journal Newsletters |

As the rate of litigation against corporations continues to increase, the majority of lawsuits are still settling out of court as large companies try to buy off their adversaries. Joseph Speelman, Associate General Counsel of Fortune 100 chemical company LyondellBasell, is a prominent exception to this trend. He settles only as a last resort and will simply refuse to pay tribute.

Here, Mr. Speelman discusses how he has transformed the company's legal department into a profit center with an aggressive strategy to fight unwarranted lawsuits and pursue plaintiff actions in B2B disputes when appropriate.

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