BTI Consulting Group’s research sees projected 2013 growth of only 1.8% in outside counsel spending.
Corporate legal departments shifted $5.8 billion from their outside counsel budget to internal spending. BTI Consulting Group’s newest release of BTI Benchmarking Corporate Counsel Management Strategies reveals corporate counsel at the world’s largest companies continue to move dollars in house—and away from outside counsel. The shift drives a paltry projected 2013 growth of 1.8% in outside counsel spending instead of a 5.1% compound growth rate had corporate counsel spent the money on outside law firms.
Corporate counsel are bringing the following practice areas in house: