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Altman Weil Survey Shows that Corporate Legal Departments are Trying to Cut Costs By Demanding Price Cuts from Law Firms

published November 06, 2012

By CEO and Founder - BCG Attorney Search left
Published By
( 3 votes, average: 4.2 out of 5)
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11/06/12

Altman Weil Survey Shows that Corporate Legal Departments are Trying to Cut Costs By Demanding Price Cuts from Law Firms


A new survey from Altman Weil shows that legal departments are increasing resorting to demanding price cuts from their outside legal counsel. The survey included responses from 200 chief legal officers.

The survey says that during the past 12 months, 71 percent of companies negotiated price reductions with the law firms that they were using. 41 percent even gave their work to other law firms that offered cheaper rates.

There were more in-house departments that have decreased their spending on law firms than there are firms that have increased their spending. This is the first time this has happened in the last three years. Almost half of the chief legal officers (46 percent) run departments that have between two to 15 attorneys and only 13 percent have departments with over a 100 attorneys.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published November 06, 2012

By CEO and Founder - BCG Attorney Search left
( 3 votes, average: 4.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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