Richard Susskind reports that law departments are facing cuts on the order of 20-40%. Assume that his data is off by 100%, meaning the cuts are between 10-20%. More cuts are looming.
Law firm rates went up an average of 2.5% in 2009, according to a National Law Journal survey.
Law firms are predicting increases in 2010 of 3.2%, according to this Altman Weil survey.
Note to law firms: do the math.