The American Lawyer published the results of its annual Law Firm Leaders Survey. The details are available by subscription only, but they are accompanied by an interesting article from AmLaw’s publisher, which you can find here.
Among the key findings:
A majority of the heads of the 142 of the AmLaw 200 law firms reported “seeing a ‘fundamental shift’ in the legal marketplace.”
80% used flat fee arrangements in 2009
75% had collected at least one incentive or success fee
25% outsourced some of their work
If you are an AmLaw subscriber, you can see the complete survey results and the feature story here. CDO (and the Main Library) should have the print version in its library by next week.