BTI recently unveiled that, citing dissatisfaction with the services they receive from their outside attorneys, general counsel have moved a whopping $4 billion in legal spending back in-house so far this year. BTI Consulting Group came up with the estimate by interviewing 330 chief legal officers and general counsel at Fortune 1000 companies and global companies with an annual revenue of at least $1 billion.
In an article, originally written by GlobeSt.com sister publication, ALM's Corporate Counsel, the rationale for moving work in-house is simple: saving time and money. The GCs interviewed by BTI are fed up with “increasing rates, runaway scopes of work, and an inability to leverage the relationships they have in place to benefit from their current firms' institutional knowledge.”
More commercial litigation and intellectual property litigation is getting done in-house, BTI found, as well as investigations, environmental matters, real estate transactions, licensing deals and smaller mergers and acquisitions matters. As a result, the article says that corporate law departments are bringing on more in-house attorneys and legal staff and, at least at larger companies, having in-house lawyers make court appearances in litigation matters, Rynowecer says. But in further attempts to save money wherever they can, most companies increasingly are trying to settle matters out of court, he adds.
To read the full article, click here.

BTI recently unveiled that, citing dissatisfaction with the services they receive from their outside attorneys, general counsel have moved a whopping $4 billion in legal spending back in-house so far this year. BTI Consulting Group came up with the estimate by interviewing 330 chief legal officers and general counsel at Fortune 1000 companies and global companies with an annual revenue of at least $1 billion.
In an article, originally written by GlobeSt.com sister publication, ALM's Corporate Counsel, the rationale for moving work in-house is simple: saving time and money. The GCs interviewed by BTI are fed up with “increasing rates, runaway scopes of work, and an inability to leverage the relationships they have in place to benefit from their current firms' institutional knowledge.”
More commercial litigation and intellectual property litigation is getting done in-house, BTI found, as well as investigations, environmental matters, real estate transactions, licensing deals and smaller mergers and acquisitions matters. As a result, the article says that corporate law departments are bringing on more in-house attorneys and legal staff and, at least at larger companies, having in-house lawyers make court appearances in litigation matters, Rynowecer says. But in further attempts to save money wherever they can, most companies increasingly are trying to settle matters out of court, he adds.
To read the full article, click here.