Wednesday, September 09, 2009

Social Media Helps Corporate Counsel Trim Legal Budgets

Corporate counsel are sharing tips online about how to lower their legal fees, according to an article today titled "Lawyer Fees Cut as Corporate Counsel Network for Tips" on Bloomberg.

"Cash-strapped in-house attorneys are swapping such ideas and other information on Web sites like those owned by LinkedIn Corp., which connects professionals around the world. Corporate lawyers’ use of social networks -- some invitation-only -- grew about 50 percent in 2009, LexisNexis said after surveying 1,474 attorneys."

Read the full article here.

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