A number of big insurance companies are planning to ramp up their internal legal teams and set up their own law firms in moves that are likely to reshape the legal insurance market, according to new research from Espirito Santo Investment Bank. The research, referenced in The Times earlier this week (13 August), found that half of insurers consulted by the bank plan to build their own enlarged teams to handle disputes instead of handing work to external law firms in an attempt to cut costs.
August 15, 2012 at 08:01 AM
1 minute read
The original version of this story was published on Legalweek
A number of big insurance companies are planning to ramp up their internal legal teams and set up their own law firms in moves that are likely to reshape the legal insurance market, according to new research from Espirito Santo Investment Bank.
The research, referenced in The Times earlier this week (13 August), found that half of insurers consulted by the bank plan to build their own enlarged teams to handle disputes instead of handing work to external law firms in an attempt to cut costs.
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