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Legal Commentary
: The Common Scold75% OF LAW DEPTS FACE BUDGET CUTS IN 09
Altman Weil has released a new Survey on Law Dept Cost Control that shows that 76% of responding GCS say their law depts face budget cuts averaging 11.5% for '09. And 15.6% say budgets will increase -- but by a smaller percentage than in prior years.
More than 80% of respondants cited outside counsel costs, and the unpredictable nature of legal spending. Third place, cited by 40% -- finanical exposure from litigation or potential litigation.
The survey was conducted in November and polled 1,292 GCs.
Full post as published by The Common Scold on December 09, 2008 (boomark / email).
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