4 Reasons Clients Are Shelling Out for Law Firms in 2017
The $12 Billion, 10-year trend is about to reverse.After 10 years of bringing $12 Billion worth of work in-house—top legal decision makers are applying the brakes. BTI research reveals a substantial drop in corporate counsel hiring in-house attorneys. Only 7.7% of General Counsel want to add in-house attorneys to their…
Michael RynowecerApril 12, 2017
Top 5 Practice and Industry Trends for 2017: Where the Growth Is
The legal market finally is getting exciting again. Clients have premium rate worthy needs. Complex work is one of the few growing segments. In addition, corporate counsel have truly new needs which are siphoning precious dollars from the low priority needs. The only challenge is how you can get to…
Michael RynowecerOctober 19, 2016
Clients Bring $4 Billion In-House: For All the Wrong Reasons
Corporate counsel are shifting big-time spending back in-house—resulting in $4 billion moving in-house*. This also marks the 8th year of legal spending moving in-house out of the last 10, the second largest move in-house in 16 years.Top legal decision makers make no excuses—they want to save time and money. They…
Michael RynowecerSeptember 7, 2016
New Business for the Taking: Corporate Counsel Shift Work Back to Law Firms
After 4 years of feverishly bringing work in-house corporate counsel are reversing course. BTI’s brand new study of 322 corporate counsel reveals these top decision makers will move $851 million of in-house spending back to law firms this year. This is in direct contrast to the more than $8 billion…
Michael RynowecerOctober 7, 2015
Corporate Counsel Shift $5.8 Billion In-House
Unlike Ben Bernanke, corporate legal departments are taking dollars out of the system. Corporate counsel shifted $5.8 billion from their outside counsel budget to internal spending—the equivalent of keeping 2 Latham & Watkins’ in-house. The shift drives a paltry projected 2013 growth of 1.8% in outside counsel spending instead of…
Michael RynowecerJune 20, 2013