Out of a typical law department's total budget, 40 cents of every dollar is spent inside while the larger share, the other 60 cents, is spent on outside counsel. Why is that, and what are some insights regarding that well-established ratio?
September 02, 2013 at 12:00 AM
1 minute read
Wouldn’t most people assume that the experienced in-house lawyers of a company would do most of its legal work? That they would only spend money occasionally on outside counsel?
Not so! Out of a typical law department’s total budget, 40 cents of every dollar is spent inside while the larger share, the other 60 cents, is spent on outside counsel. Why is that, and what are some insights regarding that well-established ratio?
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