Survey: In-House Lawyers to Scale Back Class Action Spending

Wall Street Journal (Link to Full Article) Is 2012 the year of magical budgeting? Despite an expected uptick in class actions this year, companies said they plan to spend less money to fend off such suits, according to a new survey out Tuesday. How, might you ask? The plan — as loyal Law Blog readers may have guessed — primarily involves knuckling down on outside counsel, which accounts for about 90% of the money law departments spend on class actions. The latest numbers...