Midsize law firms take a bigger piece of big-ticket litigation

Nearly 60 percent of companies have 10 or fewer firms accounting for at least 80 percent of outside legal fees.

As more organizations look to cut costs when it comes to litigation, smaller firms are starting to get a bigger piece of lucrative corporate work as general counsel become savvier shoppers, according to a new study.

In fact, over the past three years, midsize law firms with 201 to 500 lawyers have nearly doubled their share of big-ticket litigation. The figure has risen to 41 percent from 22 percent of the work that generates more than $1 million in legal bills, based on the results of a new LexisNexis CounselLink report, “Enterprise Legal Management Trends.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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