Company counsel are more and more wanting past Biglaw to deal with a few of their issues, based on a latest Above the Legislation survey.
In a survey of greater than 500 in-house attorneys about their exterior counsel, 80% of respondents stated they recurrently interact midsize or regional legislation corporations (versus Am Legislation 200 or different giant legislation corporations) for sure varieties of labor, significantly routine issues and “cost-efficient, bulk duties.” Almost half (48%) additionally flip to midsize and regional corporations for “high-value, advanced issues.”
Furthermore, 35% of in-house counsel stated they’ve shifted work from giant corporations to midsize or smaller corporations within the final yr, and 32% count on to maneuver work from giant corporations over the following yr.
Causes for turning to smaller corporations embrace that they’re more cost effective (87%), extra agile and responsive (48%), they usually supply extra personalised consideration (45%).
Keep tuned for extra outcomes from our 2025 Exterior Counsel Survey within the coming weeks.
