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 the “BTI Premium Practices Forecast 2010: Survey of Corporate Legal Spending” study by Wellesley, Mass.-based legal consulting shop BTI Consulting Group.
According to the study, the corporate counsel strategies likely to drive the legal services market next year include developing cost-effective compliance strategies; resolving litigation; focusing on early case assessment; and crafting new strategies to manage outside counsel.
