Survey: Most Law Firms Losing Business to Corporate Legal Departments

While the overall economic picture for most major law firms has improved in 2015, lawyers still aren’t out of the woods. Many firms continue to grapple with under-productive lawyers, lack of strategic focus and corporate law departments doing more work in-house, according to a new report.

Legal consultancy Altman Weil released its seventh annual “Law Firms in Transition” survey on Tuesday, which drew responses from chairs and managing partners of 320 U.S. law firms with 50 or more lawyers, including nearly half of the AmLaw 200.

The survey, conducted in March and April, aims to gauge the health of the legal ...