Bluechip clients aggressively pressed down on legal costs in 2012, according to a major Legal Week research project which shows FTSE 100 clients slashing external spend in response to the uncertain global economy.
The ninth annual Client Satisfaction Report from Legal Week Intelligence found average legal spend across responding FTSE 100 companies fell from £18.7m in 2010 to £12.6m in 2012. Legal spending across the wider companies surveyed fell by almost 50% from £6.2m to £3.2m over the same period. In 2011, FTSE 100 respondents spent an average of £16.1m.
