Legal Research

"Legal Spending Is Down, Opportunities and Project Management Will Rise"

This post was written by Tom Kane: "An article in Tuesday's ABA Journal online reports that legal departments cut spending for the first time in 10 years. This is based on the Hildebrandt Baker Robbins 2010 Law Department Survey. The results are significant because the 9 previous yearly surveys showed a 5% to 9% increase each year in law department spending; whereas the current survey shows total legal spending down by one percent in the U.S. and 2% worldwide (outside law firm spending down by 5% and 6%, respectively). That is momentous.

What it all means is that law firms are going to have to get real smart, real fast when it comes to project management. With a reduction in spending by legal departments, two things are going to happen..."

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Source: Legal Marketing Blog.com, 21 October 2010, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on October 21, 2010 (boomark / email).