You are looking at the highest levels of corporate legal spending in a decade. High-stakes work is growing like a weed. Clients are expecting an influx of new matters and plan to spend more on existing matters. Clients are cutting their internal budgets to fund new outside counsel needs, Why?…
Michael RynowecerOctober 24, 2018
Product Liability Litigation can frequently turn into high-stakes work, but most organizations facing these types of potential issues are trying to minimize and avoid damage well before a full litigation trial develops. Clients are skilled in assessing risk and look for alternative fees to match. Clients want law firms who can…
Michael RynowecerOctober 24, 2018
Employment Litigation will effectively stay even with 2018 spending. Although, the faster growth is in the large and complex matters. Clients are paying more for these larger assignments. Clients report continued need in the less complex segment of the market as well. Clients want to be able to manage their…
Michael RynowecerOctober 24, 2018
More companies are facing commercial litigation matters than last year. Most of the increase is coming from the soaring rates of high-stakes matters—which is also putting pressure on the routine work. Look for growth in Consumer Goods, Food, Insurance, and Transportation. You can learn more details about the best opportunities,…
Michael RynowecerOctober 24, 2018
After a flurry of new activity in 2018, the percent of large organizations handling Securities and Finance litigation dips back to 2016 levels. The companies still managing these matters plan to increase their spending in 2019—driving moderate growth for this segment of the litigation market.You can learn more details about…
Michael RynowecerOctober 23, 2018
More than half of large organizations face class actions each year. What is different is the number of class actions a large organization manages in a year—this is noticeably on the rise. Combined with an increase in exposure of each of these cases, you have the all the conditions necessary…
Michael RynowecerOctober 22, 2018
IP Litigation is poised to be the fastest growing segment within Litigation at 5.15% in 2019. The number of companies expecting significant IP Litigation dropped slightly. Increased spending plus fewer matters equals higher hourly rates and larger spending on each matter. These dynamics offer law firms opportunities to develop bigger…
Michael RynowecerOctober 19, 2018
Advantage goes to the feared. Good strategy stops others from acting before they start. The most feared firms make their opponents either stop or change what they are doing. Feared firms have the upper hand as the opposing side is reacting to your changes—meaning you can better drive the process.…
Michael RynowecerOctober 17, 2018
Practice Leaders agree and disagree on a lot of things. But when 3 high-performing practice leaders agree, it’s a learning moment. I enjoyed having an insightful panel discussion with Rich Moche of Mintz, Tom Schulte of Clifford Chance, and Philip Sellinger of Greenberg Traurig at the Practice Management 2.0 Conference…
Michael RynowecerOctober 10, 2018