BigLaw's High Costs Drive Cos. Toward Boutique Law Firms

Law360 (April 4, 2018, 6:58 PM EDT) -- Multinational companies that are frustrated by the high cost of law firm fees are gravitating toward small and medium-size firms and enterprises to tackle specialized legal issues, according to a report released Wednesday by business services marketplace Globality Inc.

The survey of 307 business leaders found that 48 percent attributed issues with outside counsel to the cost of services rendered, and top priorities among the companies surveyed were costs and specialized skills, which has given way to a trend of small and medium-size enterprises taking on work that was reserved for larger firms in the past.

The Economist Intelligence Unit Ltd....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!