Cost-Cutting May Boost Smaller Law Firms: Study

Law360, New York (March 4, 2008, 12:00 AM EST) -- Faced with the need to cut legal fee costs, in-house corporate counsel may avoid larger firms in favor of more cost-efficient alternatives, such as smaller firms, according to a new study commissioned by international law firm Eversheds LLP.

The study on the future of the legal profession, released Tuesday, also found that while rising legal firm fees were a priority for in-house counsel, few law firm partners expressed similar concerns.

The study, which sought to forecast trends in the legal profession in the next 10 years,...
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