Corporate Costs: In-House Legal Departments Spending More for Outside Counsel Expertise
“As consumers started paying more at the gas pump and the grocery store last year, businesses spent more for work done by their outside legal counsel,” reports Marilyn Odendahl in The Indiana Lawyer.
“The Corporate Legal Operations Consortium’s 2021 State of the Industry Survey found spending on outside law firms nearly doubled from the previous year. The median external legal expenditure reached $14.5 million in 2021, compared to $7.9 million in 2020.”