Survey tracks corporate spending for outside counsel

first_img February 15, 2002 Regular News Survey tracks corporate spending for outside counsel How will U.S. corporations adjust their spending on outside legal counsel in 2002? Will the recession rein in spending, or will economic factors be less of a concern, as businesses call on outside firms more to help navigate a changing regulatory landscape and rising litigation?It turns out that companies may be headed in both directions, according to a new survey on law department spending by National Economic Research Associates.In its first annual “Legal Leading Indicators” survey, NERA found that more than a third of the country’s largest corporations (38 percent) say they plan on decreasing spending for outside lawyers, although the decrease is not expected to be dramatic. The percentage of spending on outside counsel, as a share of overall spending, is expected to slip from 53.5 percent in 2001 to 51.6 percent in 2002. At the same time, 23 percent of companies surveyed projected an increase in outside law firm spending.Even the projected decrease is not across the board. For a few key specialties, notably labor and employment and regulation, the percentage of companies that anticipate increasing outside legal budgets was greater than those anticipating a decrease. The same pattern emerged for international work — more companies than not expect to increase spending for legal work outside the U.S.Staffing changes and changes in regulation are the most important factors influencing outside counsel spending next year, ahead of changes in the economy, and far more important than “threats of terrorism,” which was cited as an important factor by only two percent of companies surveyed.For some, staffing changes simply mean more in-house hiring, according to the NERA.“We will be bringing in higher-level, in-house talent,” said one respondent to the NERA study. “More in-house counsel,” echoed another, with “more focus and closer review of outside billings.”The survey suggests that this past year found many corporate law departments at a crossroads. When asked to compare current legal budgets with 2000, 48 percent of companies reported there had been an increase, while only 18 percent reported a decrease.Looking ahead to 2002, 39 percent anticipated that outside legal spending would decrease “somewhat” or “a lot,” while 38 percent said that their outside legal spending would remain flat in the coming year.The NERA survey was based on interviews with 302 firms with annual revenues of $500 million or more. Sixty-two percent reported sales of least $1 billion, and 62 percent of respondents identified themselves as chief counsel.NERA, an economic research firm and an affiliate of Marsh & McLennan, provides economic consulting services to both in-house legal departments, as well as many private law firms.center_img Survey tracks corporate spending for outside counsellast_img read more

Ed Elsass, 50, Wellington: June 25, 1963 – June 2, 2014

first_imgEd Elsass, of Wellington, died on Monday, June 2, 2014 at his home in Wellington at the age of 50.Ed ElsassEd was born the son of Stew and Nancee (McGee) Elsass on Tuesday, June 25, 1963 in Wichita. His mother preceded him in death.On Friday, August 30, 1985, Ed and Carol (Lawless) were united in marriage in Mulvane. Together they celebrated 28 years of marriage.Ed was a corrections officer for the Sumner County Detention Center in Wellington. Survivors include his wife, Carol Elsass of Wellington; daughter, Shanonn Sharpe and her husband Tyler of Yukon, Oklahoma; son, Benjaminn Elsass and his wife Jeanette of Wellington; father and stepmother, Stew and Marilyn Elsass of Springfield, Missouri; sister, Susann Elsass of Florence, Alabama; stepsisters, Cathy DiFilippo and her husband Tony of Nixa, Missouri and Sarah Truitt of Springfield, Missouri.Memorial services for Ed will be held at 10:30 a.m., Saturday, June 7, 2014 at the Church of Christ in Wellington.Memorials have been established in his loving memory to the Ed Elsass Memorial Fund, American Heart Association and the American Cancer Society. Contributions may be mailed or left with the funeral home.To share a memory or leave condolences, please visit www.dayfuneralhome.info.Arrangements are by Day Funeral Home & Crematory, Wellington.last_img read more