A new Consero Group survey reveals that a vast majority—80%–of chief litigation officers in the financial services and insurance industries say they are not delegating more of the company's legal work to outside counsel than they did 12 months ago.
As part of a Financial Services & Insurance Litigation Data Survey, additional results reveal that 36% of participants say they have increased their use of alternative fee arrangements over the last year.
"As a majority of chief litigation officers in the financial services and insurance industries continue to preserve work in house, and more than a third have increased their use of alternative fee arrangements, it appears these executives continue to be aggressively focused on the bottom line," said founder and CEO of Consero, Paul Mandell.
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