Life in the Doldrums Continues for Civil Litigators
Anyone who hoped commercial litigation would help law firms weather the recession was surely disappointed last year. That's judging by recoveries that affiliate VerdictSearch counted among its Top 100 Verdicts of 2009. Commercial verdicts, including breach-of-contract recoveries, fell from $1.4 billion in 2008 to just $421 million last year. One reason for the drop: Corporate clients worked to control costs by waiting to file suits -- a trend apt to continue for the first half of this year.
