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Jump In Corporate Counsel Spending On Way: Study

Law360 (May 7, 2009, 12:00 AM EDT) -- After a rough start to 2009 for the legal industry, a new survey of Fortune 1000 companies' in-house counsel reveals signs of hope, projecting a 5.1 percent increase in corporate spending on outside counsel over the next six months.

Not everyone in the legal community will benefit equally, and leaner, client-focused firms may find themselves uniquely positioned to take advantage of the rebound, said Michael Rynowecer, president of BTI Consulting Group Inc., a legal research firm that released the results of its midyear spending update and...
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