The spending surge is about to begin. Clients are poised to tackle their growing backlog of litigation — and take on the growing new case load as well. This takes time and money — and the money is starting to flow to outside counsel.
Here’s how the litigation world is shaping for up 2022:
- Look for a 6.4% increase in outside counsel spending
- Spending is growing faster than the caseload — meaning more money per case
- The largest segments are growing much faster than all others
- Key practices are enjoying a rebound in spending
- 5 industries spending a ton on litigation
- Clients plan to use fewer law firms for their bigger budgets — the stakes have never been higher
You have only 1 authoritative source to decipher the new market dynamics, seize the opportunity as the economy is on its way to the next normal: BTI Litigation Outlook 2022