TBA Law Blog

Posted by: Brittany Sims on Nov 13, 2014

According to Altman Weil’s 2014 Chief Legal Officer Survey, the dwindling availability of legal work and demand for services are continuing and show no signs of abatement. The study revealed that in-house legal departments are keeping more legal matters for themselves and are demanding heavy discounts for the work they give to outside counsel. Of the 186 CLO’s to respond to Altman Weil’s survey, 40 percent of them had shifted work during the past year away from outside counsel in favor of keeping the matters in-house. Meanwhile, more than a quarter of responding law departments said they would decrease their use of outside counsel in 2015, compared to only 14 percent that are planning an increase. The ABA Journal has the story.