Enterprise Legal Management Trends Report: Growth in M&A Billings Benefits “Second Largest” Law Firms

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.

Key findings include:

    • 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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