Previously unseen matters are pouring in along with the old — soaking up a good portion of spending.
And clients are seeing more and more reasons to relook at M&A — not to mention the record backlog. Combine this with in-house attrition and retention issues — it all adds up to big spending for outside counsel.
The legal spending fire hose is still open. But it is more targeted than the last 2 years. More money will flow to outside counsel.
The BTI Practice Outlook 2023 is your guide — and the gold standard — for laying out the next phase of legal markets — as our research has been for 31 years. In use by more than 200 law firms, this is the source to map out your business development with precision.