Bill-sharing sector booms as BusyLamp enters US and UK

German legal billing specialist BusyLamp is opening offices in London and New York with aims to help corporate buyers to cut over 10 per cent of their fees from law firms.

A US company is setting up in London to help reduce legal bills for corporates Stuart Miles

The founders of the company believe that the US$100b US legal fees market offers interesting opportunities. Comparing the $4b German market with the US one, co-founder Michael Tal said: 'It’s not that American companies are wasting money. The systems have just evolved differently, and the American system has additional components that drive companies to be more risk averse, such as punitive damages, that don’t exist in Germany. US corporations also are willing to spend more money on outside counsel to avoid litigation in the first place.' Source: BusyLamp

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