A trend in which legal departments are cutting the number of law firms that handle outside legal work does not appear to be slowing, according to a new study. The LexisNexis CounselLink Electronic Legal Management Trends report—which assesses billing data—showed 62 percent of the companies included in the study had 10 firms or fewer account for 80 percent or more of their outside counsel fees in 2016. The number of companies consolidating their outside legal work increased from 2015, according to the report.

More Companies Consolidate Outside Legal Work: LexisNexis Report