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....
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