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Infographic:  Litigation Market to Thaw in 2016

Infographic  Litigation Market to Thaw in 2016 says BTI Consulting-header

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.

(click here or image for higher resolution)

Infographic  Litigation Market to Thaw in 2016-small

Source: BTI Consulting, published with permission.

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About Frank Strong

Frank Strong
Frank Strong is the communications director for the LexisNexis software division located on NC State’s Centennial Campus in Raleigh. In this capacity, he leads communications efforts in support of software products for law practice and law department management and also litigation tools – across large law, small law and corporate counsel segments. With more than 15 years of experience in the high-tech sector, Strong previously served as director of public relations for Vocus, which developed marketing, PR and media monitoring software. He has held multiple roles both in-house with corporations, ranging from startups to global organizations, and has also endured the rigors of billable hours, having completed gigs at PR firms including the top 10 global firm Hill & Knowlton. A veteran of two year-long deployments, Strong has concurrently served in uniform in reserve components of the military for more than 20 years, initially as an enlisted Marine and later as an infantry officer in the Army National Guard. Strong holds a BA in Film and TV production from Worcester State University, an M.A. in Public Communication from American University, and an M.B.A. from Marymount University. He is a PADI-certified Master Scuba Diver and holds a USPA "B" skydiving license.