10+ YEARS OF LONGITUDINAL DATA
BTI identifies driving market trends and core strategic issues through our ongoing, comprehensive analysis of more than 3,100 interviews conducted over the span of eleven years. BTI's study includes between 50% and 55% of companies participating in prior years. This approach provides for accurate analysis of longitudinal trends while simultaneously allowing for insights into new, changing and up-and-coming opportunities.
BTI calculates law firm market share gains and losses based on data gained through numerous sources including the law firms themselves.
MEASURING CHANGE: COMPARATIVE ANALYSIS OF PRE- AND POST-2008
BTI compared research from 2002 - 2008 to 2009 – 2012 to pinpoint critical market shifts brought about by the economic downturn of late 2008. Beginning in 2009, BTI added a series of questions targeting the changes in corporate counsel behavior and the impact on law firms. BTI specifically tracks changes in spending, unmet needs, priorities, goals and key issues facing corporate counsel – now and in the future.
MARKET TRENDS DIRECT FROM 3,100+ CLIENTS
Trends in client goals and practice demand are based on more than 240 annual interviews. One-on-one telephone interviews are ongoing. This year’s new analysis relies on interviews conducted between May 23, 2011 and January 14, 2012 and represents:
• Typical outside counsel spending of $19.1 million per year
• Average revenue of $13.1 billion
• Median revenue of $3.6 billion
More than 15 industries, including:
• Consumer Goods
• Financial Services
• High Tech
• Investment Banks
• Professional Services
• Retail Trade
• Wholesale Trade
Top legal executives:
• 55.2% of interviews with General Counsel and Chief Legal Officers
• 37.1% of interviews with direct reports to General Counsel
RESEARCH IS BTI’S CORE EXPERTISE
Our research team includes some of the most respected, oft-quoted experts in the legal industry. Our analysts boast extensive training in statistics, survey technique and analytical methods. They have degrees from top universities and business schools and 5 or more years of practical experience in such applicable fields as professional services marketing, accounting, strategic research and economic and management consulting. Our interviewers are all college-educated and average more than 15 years of experience interviewing C-level and top executives.
BTI conducts all interviews using multiple techniques. These include:
• Structured Questions
• Quantitative Questions
• Forward-looking Questions
• Experience-based Questions
Order Your BTI Strategic Review and Outlook for the US Legal Industry Now