Positive half-year financials and increased deal flow may be pointing to a brighter outlook for law firms, but for the foreseeable future the balance of power will remain firmly with clients. With each panel review that passes, law firms are falling over themselves to get in in-house teams’ good books, throwing in secondees, training and all manner of other added extras in an attempt to secure lucrative mandates.
Despite this trend, Legal Week Intelligence’s annual Client Satisfaction Survey, which this year polled more than 1,400 senior in-house counsel on how they rate their external law firms, has consistently found that the factor clients value above all else is quality of legal advice. Out of 10, clients place an average value of more than 9.5 on the importance of the standard of legal advice provided.
This content has been archived.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]
