Law Practice
Oct. 31, 2014
Report: Less market share but more money to outside firms
Though law firms continue to lose market share to growing corporate legal departments, spending on outside counsel is up.
Daily Journal Staff Writer
After decreasing in 2013, the amount of money going to U.S. outside counsel has grown this year and will continue to do so through 2015, according to a recent report.
The study, released Wednesday by the BTI Consulting Group Inc., showed that law firms continue to lose market share to their clients' legal departments, with corporate spending on law firms down from 67 percent of the total legal ma...
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