Small and midsize law firms have taken away nearly 30 percent of the market share for major corporate clients from AmLaw 100 firms over the past few
years, and their willingness to explore new ways to add value could keep them gaining ground through 2009, according to a recent study.

In a series of one-on-one interviews conducted in 2008 with more than 550 corporate counsel representing primarily Fortune 1000 companies, the BTI Consulting Group found that firms outside the AmLaw 100 expanded their share of the outside counsel spending pie to a combined 61.8 percent last year, marking a big decline for AmLaw 100 firms, who together made up only 36.2 percent of outside counsel spending. Read more