Friday, October 28, 2011

Just what is the total spend by legal departments, in the United States or globally?



http://ow.ly/7cewZ

An article by Rees Morrison, Esq. on his blog Law Department Management.

This article discusses projections about corporate legal spending, and is a follow up to an earlier post by the author.  The author states, "No sooner than I published about two impossible-to-reconcile figures on corporate legal spending, and the disappointing lack of support for either figure, I read another (See my post of Oct. 25, 3011 #2: $60 billion global and $200 billion U.S. litigation figures.). In Corp. Counsel, Oct. 2011 at 55, Mark Harris, the CEO of Axiom, starts his article with a reference to the “half-a-trillion dollar global legal services industry.”"

The that is attributed to Mark Harris apparently includes in-house legal costs, and also estimates that the U.S. represents 20% of the global legal expenses incurred annually.  It is also apparently stated in Mr. Harris' article that 80% of the corporate legal expenses are controlled by 200 General Counsel.

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