Buffeted by higher law firm fees, general counsel are continuing a three-year trend of shifting more legal work in-house, according to a recent legal department survey. The financial pressures exerted by escalating costs have prompted many corporate legal departments to reevaluate their reliance on external counsel and invest in building robust internal teams.
The trend highlights a growing desire among corporations to achieve more control over their legal expenditures while maintaining the quality of legal services. This shift is likely to have lasting implications for how legal services are structured and delivered, potentially leading to more innovation within corporate legal departments as they adapt to handle complex legal matters internally.
For further insights into this evolving dynamic between law firms and corporate legal departments, read the detailed findings in the original article on
Law360.