All signs point to stabilization of the legal market.
After some disappointing setbacks, the legal market is poised to grow in 2011. This directional shift joins anticipated spending increases in such strongholds as M&A, Class Actions and Labor and Employment. It signals the return of better times.
Yet the expected rise in client spending is modest. At 1.2%, it falls far short of law firms’ projected rate increases (which range from 5% to 8%, on average). This leaves law firms with only one choice: to grow at the expense of competitors.
Welcome to a Predator’s Paradise. The hunt is on.
You can discover all the details in the brand new BTI Premium Practices Forecast 2011: Survey of Corporate Legal Spending. Just released, this research with more than 240 corporate counsel delineates client budgets, opportunities and predictions for the coming year.
Learn more at www.btipremiumpractices.com