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!


Chief legal officers spending less on outside counsel

For the first time in three years, legal departments’ outside counsel spend decreases

Yesterday we saw a survey that showed in-house counsel are becoming more valuable to their companies, which sometimes translates to more money for general counsel. Now another survey shows that companies are spending less money on outside counsel. In fact, negotiating reduced prices with law firms is the number one way legal departments are cutting costs. Guess that money’s got to come from somewhere.

Law firm consultancy Altman Weil conducted a survey of 200 chief legal officers over the past year, and found that 71 percent of companies negotiated with their law firms to get lower rates. But sometimes negotiations aren’t enough, and 41 percent of surveyed companies changed some of their work over to firms that charged less.

This is the first time in three years that legal departments’ outside counsel spend decreased. However, for law firms worrying about losing their corporate clients, there is hope. The study also revealed that chief legal officers cared more about how well firms understood their company’s business than about financial factors.

Read more at Thomson Reuters.


See more numbers on legal spending on InsideCounsel below:

Facts & Figures: Businesses spending more on both in-house and outside counsel

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

ACC lauds its 2012 “Value Champions”

3 cost-cutting tips for legal departments

Join the Conversation

Advertisement. Closing in 15 seconds.