- Total legal spending by U.S.-based companies in the survey decreased from 0.43% to 0.4% of revenue.The participating companies spent 60% of their legal budget on outside counsel.Spending on outside counsel increased by 4% in for participating
- U.S. companies, though as a percentage of revenue, outside counsel
- spending was down slightly, from 0.24% to 0.22%.Responding companies were farming out more of their legal matters
- to outside counsel (397 matters, versus 377 last year). Slightly fewer
- firms were doing the work, though, with respondents reporting 95
- different outside firms hired, as opposed to 100 last year.Most companies expect to continue using outside counsel: 60% of the
- responding companies said they anticipate no change in the number of
- firms they would use in the coming year; 32% suggested they would use
- fewer firms, while 8% expected to hire more firms.Alternative billing arrangements are on the rise: In 2008, 33% of
- the companies indicated that alternative billing arrangements
- represented 11% or more of their total outside counsel spending. In
- 2009, 46% of the companies anticipate that alternative billing
- arrangements will make up 11% or more of their total outside counsel
- spending.
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