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Economic Pressure May Force Permanent Shift in Corporate Legal Costs, and solo practitioners stand to gain

April 16, 2009
/ Changing Legal Landscape

Confronted with orders to control legal costs and rein in expenses, general counsel throughout California are now taking dramatic steps that were virtually unheard of only a few years ago. Salaries are being decreased. In-house lawyers and staff are getting pink slips. Law firms are being pressured to lower their hourly rates. And some companies are even turning to (gasp!) solo practitioners for some outside legal work. And while these and other cost-cutting measures are a direct response to the slumping economy, they may also trigger a permanent shift in the way that companies purchase and provide legal services even after the economy has recovered.

For full article click here.

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