Nearly 45% of 119 law departments surveyed by consultant group Altman Weil are slashing their budgets for 2021 as the continuing coronavirus pandemic weighs on revenues, according to a report released Tuesday.
It’s the first time in a decade that more law department budgets will shrink than grow, Altman Weil’s report said, and budgeting for outside law firms is expected to take a particular hit. About 40% of law departments plan to increase spending next year.
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