The last decade has not been especially kind to insurance defense firms. Carriers have gone through a wave of consolidation, pulled more work in-house and cracked down on billing rate increases from outside counsel. And the recent wave of tort reform legislation has limited medical malpractice defense work. This has left insurance defense firms with fewer and less attractive client options.
Such market changes have forced these firms to readjust strategic thinking. Some have chosen to diversify outside the insurance defense realm, some have increased in size and volume and some have focused on more high-end insurance defense areas. But a few firms have not survived the changes or were forced to downsize operations.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
