Outside Counsel Reliance at 15-Year Low

Bloomberg BNA (Link to Full Article) Corporate reliance on outside counsel has dropped to a 15-year low, a new survey shows.

According to BTI Consulting Group, a large company typically relies now on 36 law firms, compared to 47 firms in 2014.

This continues a two-year trend in which companies have slashed their law firm panels, BTI said.

There are several implications for outside and in-house counsel from BTI's findings, BTI President Michael Rynowecer told Bloomberg BNA...