Peter Smythe, P.C.

The Tex Parte Blog is repor­ting on the results of the Lexis­Ne­xis State of the Legal Industry Sur­vey (a pdf of the sur­vey is avai­la­ble on the Tex Parte Blog). The sur­vey results say that 71 per­cent of in-​house legal coun­sel belie­ves that outside firms are doing too little to res­pond to the finan­cial pres­su­res clients are facing (is that sur­pri­sing?). Close to 50% of in-​house law­yers have asked their outside to lower fees, but only 18% have hee­ded the call. Fully 77% of outside coun­sel say that their clients are too focu­sed on redu­cing costs at the expense of qua­lity and long-​term results. Fifty per­cent of in-​house coun­sel believe that the reces­sion is indu­cing a per­ma­nent change in billings prac­ti­ces. It doesn’t appear that outside coun­sel wan­ted to ans­wer that par­ti­cu­lar question.

Until in-​house coun­sel are willing to leave the mar­ble floors behind and hire sma­ller firms with their lower overhead costs will any of these sur­vey results change.

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