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Big spenders.


Big Spenders

Large companies are spending more on
lawyers this year. *

Legal spending                 2004            2005

Amount spent on
legal services             $26.4 million    $28 million
Legal services as
percent of revenues          0.4 of 1%       0.5 of 1%
Salaries & bonuses paid
to one in-house lawyer       $349,000        $377,000
Legal fees paid to
one outside lawyer           $550,000        $622,000

* Results based on median company with $9 billion in
revenues and a law department with 30 lawyers.

Source: Hildebrandt International
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Author:Bronstad, Amanda
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 17, 2005
Words:81
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