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Study: Corporations Slash Spending on Outside Counsel

October 28, 2008
/ Changing Legal Landscape

From: The American Lawyer, October 21, 2008

Spending on outside counsel by corporations has dropped to its lowest level in eight years, and in-house lawyers expect to finish 2008 without any uptick in how much they pay law firms, a report released Monday found.

Median spending on outside counsel last year fell 9.1 percent, according to a survey of in-house counsel by the Association of Corporate Counsel and Serengeti Law. The spending was less than what those who surveyed a year ago had predicted, and corporate counsel expect no increase this year…

Click here to read the full article.

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