A new study projects a 4.3 percent slide in corporate spending on outside counsel next year, on top of this year's 10.8 percent drop. Outside counsel spending dropped from an average of $20.8 million in 2008 to $18.5 million this year and is projected to dip to $17.7 million in 2010, according to a study by BTI Consulting Group. Practice areas expected to sharply contract include real estate, corporate, tax, environmental and IP transactional work.
Outside Counsel Spending Projected to Drop by 4.3 Percent Next Year
The National Law Journal
October 9, 2009