GlaxoSmithKline: Paying 3 billion dollar fines for criminal and civil settlement over drug misbranding, but still profitable!
"Pharmaceutical giant GlaxoSmithKline has saved tens of millions of dollars in legal fees in four years since revamping its hiring and billing system for outside counsel. Under the watch of general counsel Dan Troy, who joined GSK in 2008, the company has eschewed “inefficient” hourly rate billing models for value-based arrangements worldwide, the Legal Intelligencer reports. Ironically, news of the savings comes on the heels of a record-setting $3 billion criminal and civil settlement over drug misbranding."http://www.abajournal.com/news/article/glaxosmithkline_to_use_millions_saved_in_legal_fees_to_pay_3_billion_settle/?utm_source=maestro&utm_medium=email&utm_campaign=weekly_email
