"In a survey of more than 500 in-house attorneys about their outside counsel, 80% of respondents said they regularly engage midsize or regional law firms (as opposed to Am Law 200 or other large law firms) for certain kinds of work, particularly routine matters and "cost-efficient, bulk tasks." Nearly half (48%) also turn to midsize and regional firms for "high-value, complex matters.""
"Moreover, 35% of in-house counsel said they have shifted work from large firms to midsize or smaller firms in the last year, and 32% expect to move work from large firms over the next year. Reasons for turning to smaller firms include that they are more cost-effective (87%), more agile and responsive (48%), and they offer more personalized attention (45%)."
More than 500 in-house attorneys responded to a survey about outside counsel. Eighty percent of respondents regularly engage midsize or regional law firms, particularly for routine matters and cost-efficient, bulk tasks. Nearly half (48%) also use midsize and regional firms for high-value, complex matters. Thirty-five percent of in-house counsel shifted work from large firms to midsize or smaller firms in the last year, and 32% expect to move work from large firms over the next year. Reasons for turning to smaller firms include cost-effectiveness (87%), greater agility and responsiveness (48%), and more personalized attention (45%).
Read at Above the Law
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