Law Firms Face Slow Market As Cos. Look In-House, BTI Says

Law360, New York (December 13, 2013, 4:45 PM EST) -- A trend for corporations to handle more of their legal responsibilities in-house has led to a stalled market for legal services in the U.S., making it more critical for law firms to gain market share, according to a presentation by The BTI Consulting Group Inc. in New York on Thursday.

Legal departments at U.S. companies with more than $1 billion in revenues spent $39.2 billion on in-house counsel this year, BTI said. That's 40 percent of the roughly $100 billion market for legal services among those...
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