NEW YORK–LAWFUEL – Corporate Law News –A new survey of top in-house attorneys at FORTUNE 1000 corporations, commissioned by ALM’s Corporate Counsel® magazine and released today, reveals that respondents believe that spending on outside counsel will decrease slightly in the coming year. The study, conducted by Beta Research Corporation, examined information and spending patterns of general counsel, assistant general counsel and senior attorneys at corporations that employ an average of more than 100 in-house lawyers. Complete results are available from Corporate Counsel.
Other findings include the following:
Respondents’ companies spent an average of $18 Million on outside law firm services over the past 12 months, but estimate spending for the coming 12 months at an average of $17 Million.
Respondent companies that employ 400 or more in-house attorneys spent significantly more on outside law firm services over the past twelve months, averaging almost $28 million.
More than 80 percent of all respondents named Corporate Counsel as the legal or business magazine they read most regularly. Corporate Counsel was also selected by the group as the most useful magazine for keeping abreast of legal issues of interest.
To obtain a copy of the complete survey results, please contact Kevin Iredell at (212) 545-6170 or [email protected]
The award-winning Corporate Counsel, the nation’s leading magazine for general counsel and in-house attorneys at corporations across the country, is published monthly by ALM and is available on the Web at www.corpcounsel.com.
Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 34 national and regional magazines and newspapers, including The American Lawyer®, Corporate Counsel, The National Law Journal® and Real Estate Forum®. The company is one of North America’s largest producers of conferences and trade shows for business leaders and the legal profession. ALM’s Law.com® is the Web’s leading legal news and information network, while ALM’s GlobeSt.com® is the Web’s leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM’s businesses and services is available on the Web at www.alm.com.