Wednesday, November 30, 2011

Law Offices in Corporations Are Increasing Their Budgets

According to one reliable survey by a consulting firm,”more law departments have boosted their overall budgets this year, and more are increasing their expenditures on outside counsel."

The survey said 56 percent of CLOs surveyed in October indicated that they had increased their law department budgets from 2010 to 2011, compared to 51 percent who did so the prior year. The median amount of the increase also rose, going from 6 percent in 2010 to 7 percent in 2011. Forty-six percent of law departments increased their outside expenditures, compared to 43 percent last year.

Maybe a glimmer of hope.


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