Company counsel are more and more wanting past Biglaw to deal with a few of their issues, in accordance with a current Above the Legislation survey.
In a survey of greater than 500 in-house attorneys about their exterior counsel, 80% of respondents mentioned they frequently have interaction midsize or regional regulation corporations (versus Am Legislation 200 or different massive regulation corporations) for sure sorts of labor, notably 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 mentioned they’ve shifted work from massive corporations to midsize or smaller corporations within the final 12 months, and 32% count on to maneuver work from massive corporations over the following 12 months.
Causes for turning to smaller corporations embrace that they’re more cost effective (87%), extra agile and responsive (48%), they usually provide extra customized consideration (45%).
Keep tuned for extra outcomes from our 2025 Outdoors Counsel Survey within the coming weeks.
