Market research firm BTI Consulting forecasts a “thaw” in litigation spending in 2016 and anticipates overall spending to increase for the first time next year since 2011.
The firm recently published an infographic which coincides with the BTI Litigation Outlook 2016 report. It also summarizes key findings in a snapshot with a post titled 6 Trends Shaping Litigation in 2016.
The infographic, which is published nearby with permission is this week’s Friday Share. It indicates even as litigation spending grows – there are fewer matters:
“The uptick doesn’t mean the market is returning to its former heyday. In fact, high resolution rages indicated fewer litigation matters will be on corporate counsel dockets.”
The infographic says the market is heating up for “bet-the-company” litigation and that “more than 3x as many companies are facing “bet-the-company litigation than in 2014.”
The BTI Research seems jive with the findings in the most recent CounselLink Enterprise Legal Management Trends Report, based on $18 billion in legal invoices. That study found big law was winning more market share in high value litigation matters.
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