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Corporate legal spending at large companies will grow nearly 5 percent over the nextsix months, bringing overall market growth to negative 1.4 percenty for the year. The Wellesley, Mass.-based legaol research firm looked at 16 practices and 18 industriesw and interviewed hundreds of corporat counsel at Fortune 1000 companie thataveraged $19.4 million in outside counselo expenditures. Year-to-date, the hardest-hit core practics areas have been corporate, securities and finance, and intellectualp property.
Leading the increase in spending will be the practicre areas ofregulatory compliance, securities and bankruptcy/corporate restructuring law, the report “This study presents a big ray of sunshinde in what has been a very stormy environment. The reversapl of this negative spending trend will help buoy flailingh legal markets and offers some hopeful news abouyt business spendingin general,” said Michael president of .
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