4 in 5 firms to cut legal costs in 2 years: survey

Submitted By:  Staff Reporter Case Study:  No 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. read more