Oh, litigation savior, where art thou? Over the last several months, stressed-out managing partners have slowly come to the distressing realization that a litigation tsunami is not going to carry all firms to safer and more profitable shores. If you want to see the depressing data, check out this National Law Journal piece (registration required) by Karen Sloan. Some snippets:
*Demand for litigation services in 2008 dropped by 3 percent from 2007, according to a Hildebrandt survey.
*Legal departments on average spent 1 percent less on litigation in the first half of 2009 than they did in the first half of 2008, according to a BTI survey of Fortune 100 general counsel.
*Patent infringement filings fell by more than 8 percent from 2007 to 2008--and this year the drop is even steeper, according to the Stanford Law School IP Litigation Clearinghouse.
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Source: law.com
By: Andrew Longstreth
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