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Reply to "Considering going back to BigLaw -- talk me out of it"
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[quote=Anonymous]Ok - This ABA article (http://www.abajournal.com/news/article/study_of_chief_legal_officers_finds_more_bad_news_for_law_firms), reports on a recent survey that shows that "40 percent of [GCs/CLOs] had shifted work during the past year away from outside counsel in favor of keeping the matters in-house. Meanwhile, more than a quarter of responding law departments said they would decrease their use of outside counsel in 2015, compared to only 14 percent that are planning an increase." The article also notes that "when in-house lawyers call on their outside counsel, they are successfully demanding fee discounts. According to the survey, half of the responding departments had successfully negotiated a 6-10 percent discount on hourly rates, while more than one-third of respondents reported they’ve managed to cut more than 10 percent off their fees." [/quote]
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