Jeff Carr, the General Counsel of FMC Technologies, recently discussed the relationship between his department’s legal spend and his company’s earnings per share. In days when even a penny or two of increased EPS can positively influence share value, thinking about legal spend in the light of EPS really changes the focus. Each law firm should be cognizant of what it costs the company by this metric, and in-house lawyers should be thinking of this metric when focusing on what type of fee structure to utilize and what firm to engage.