(August 20 11:16) Sbr.com.sg
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Staff Reporter
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20% of local companies outlined cutbacks of up to a tenth of current legal fees.
78% of companies plan to reduce their legal function costs in the next two years, with 20% of firms outlining cutbacks of up to a tenth of current legal fees, a report by professional services firm Ernst & Young (EY) revealed.
Globally, legal spending averaged $238.31m (US$172m) for internal functions and $234.15m (US$169m) for external-related work.
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