The Impending Demise of Cost Recovery

By Rob Mattern

This article was first published in ILTA’s June 2011 issue of Peer
to Peer titled “Law2020TM: One Year In”

The recovery of costs associated with managing a legal matter is as old as the legal profession itself. However, as we sit here in 2011, changes to the traditional model are already taking place, and by the time 2020 arrives, law firms will have completely changed their approach to cost recovery.

My company has conducted the Mattern Cost Recovery Survey for the past six years, most recently in 2010. Shared here is information based on the results of that survey and on my daily interactions with law firms on an operational and strategic level.

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