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About 75 percent of corporate general counsel nationwide indicated that their law departments are facing budget cuts next year, according to a survey by legal industry consultant Altman Weil.
Most of the cuts will be targeted at outside law firms, Newtown Square, Pa.-based Altman Weil said. The average cut will be 11.5 percent.
The survey said 15.6 percent reported that budgets would increase by a smaller percentage in 2009 than in prior years.
Altman Weil conducted the survey of the top lawyers at companies in November and it included responses from 115 attorneys working as general counsel for their firms.
Survey participants said outside counsel costs and the unpredictable nature of legal spending were the top two concerns about 2009.
See article at: http://www.bizjournals.com/sacramento/stories/2008/12/08/daily24.html
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