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LegalVIEW Data Shows Litigation Up, Legal Spend Down
The two hottest litigation areas these days are wage-and-hour and regulatory/compliance cases, according to legal data expert Craig Raeburn and general counsel Robert Ingato. But that isn't translating into more legal spending by corporate law departments.
Raeburn, vice president of legal analytics at TyMetrix Inc., said that's the trend showing up in the company's massive database. He explained that the database, called LegalVIEW, holds information from actual invoices from over 17,000 law firms worldwide, totaling $42 billion in legal expenses.
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