Decline of Recovery Rates

By Michael Feit | Sole Provider

Aug 10

Although there are likely several factors driving firms to choose a sole provider, there is a clear inverse relationship between the diminishing ability to recover online legal information costs and the movement to sole-provider.

Since recovery rates began decreasing in 2008, the percentage of sole-provider firms has been increasing correspondingly. The chart above illustrates this trend.

Learn more about these trends in our latest white paper, Westlaw & Lexis: Path to Commoditization.

About the Author

Michael Feit earned his J.D. from the Loyola University School of Law in Chicago and was an executive at Westlaw before founding Feit Consulting 16 years ago. Feit Consulting partners with law firm administrators and legal information professionals to optimize vendor contracts and the management and delivery of legal information resources by providing leading-edge, customized solutions. Contact Michael at mike@feitconsulting.com