LTH Insights for Corporate Legal/THE 20% PROBLEM: WHY OUTSIDE COUNSEL BUDGETS KEEP BREAKING, AND WHY MORE DISCIPLINE WILL NOT FIX IT

The 20% Problem: Why Outside Counsel Budgets Keep Breaking, and Why More Discipline Will Not Fix It

logo

Research shows that 80% of matters go over budget. Legal departments that intend to be compliant with their 2027 outside counsel budgets are using 2026 to move practice areas off hourly pricing, one RFP at a time. The departments that retain the hourly structure and attempt to manage their way to a different outcome will continue to produce the result that structure has always produced, and matter budgets will continue to be broken. 

Search Legaltech Jobs
Legaltech Jobs provides targeted job listings for alternative careers in law, including roles in legal technology, legal data, legal operations, legal design, and legal innovation. Click and browse to find your next opportunity!
Search Now

Loading...