08 November 2017 at 06:20 BST

Less than half companies negotiate rates with employment law firms

Companies negotiating with employment law firms get 11 per cent discount on average.

Ekaterina Simonova

Just under half of US companies are negotiating with their law firms on employment law matters, getting an average discount of 11 per cent. Companies are also more likely to command a fixed fee from larger law firms when looking for employment advice, a study from Bloomberg Law reveals. Over half of all labour and employment matters (65 per cent) are settled, and of those, nearly two-thirds (53 per cent) are settled pre-judgement. Strength of claims and defenses (81 per cent) and cost-benefit analysis (79 per cent) are the most cited factors in decisions to settle. 

 
   
 
 
 

Also read...

Shareholders in US litigating fewer M&A deals

Fewer M&A deals are being litigated by shareholders, while merger objection cases have shifted from state to federal courts.