Enterprise Legal Management Trends Report

Growth in M&A Billings Benefits ‘Second Largest’ Law Firms

The findings in the latest edition of the Enterprise Legal Management Trends Report, powered by LexisNexis CounselLink, represent analysis of a snapshot of data available in the CounselLink platform. That collective stream of data and processed invoices includes more than $15 billion in legal spend and 3 million invoices, representing 450,000 matters gathered over the past 5 years.

The infographic below highlights some of these key findings:

  • M&A billings almost doubled as a percentage of legal spend in 2013
  • Increased M&A activity has benefited “Second Largest” law firms
  • Companies continue to consolidate their legal work
  • Employment & Labor has the fastest growing partner hourly rate
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    Past Reports:
    2013 Mid-Year Report