Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!


Companies increase legal spending, both in U.S. and abroad

The trend can be traced to larger in-house staffs and higher billing rates at firms

A survey of 260 companies conducted by HBR Consulting revealed that legal spend increased in 2010 and 2011 from the previous survey that covered 2009 and 2010. The data includes both money spent on in-house legal departments and on outside counsel.

The companies, 70 percent of which have Fortune 500-level revenues or above, increased their international legal spend by a median of 5 percent, while spending in the U.S. grew slightly less, by 4 percent.

The uptick in spending can be traced to two main causes: an increase in hiring within legal departments, and higher billing rates for outside counsel. More than 50 percent of the surveyed companies said they had added more staff lawyers between 2010 and 2011, and the average hourly rate for the three most expensive U.S. law firms increased by $45 in the same period.

Read more at Thomson Reuters.


For more InsideCounsel coverage of legal spending, see below:

ACC lauds its 2012 “Value Champions”

3 cost-cutting tips for legal departments

Law firm billing rates steadily climbing despite down economy

Despite uptick in class actions, in-house counsel plan to spend less

Join the Conversation

Advertisement. Closing in 15 seconds.