New milestone reached in law firm/corporate law information budgets

According to AALL’s 2017 Biennial Salary Survey & Organizational Characteristics, total information budgets increased substantially for government and law firm/corporate law libraries but not academic law libraries when compared to the 2015 survey results. Government libraries’ information budget increased 31% and law firm/corporate law libraries’ information budgets increased 26%. Academic law libraries’ information budgets were flat.

Electronic information budgets as a percent of total information budgets essentially was unchanged for government law libraries in 2017 at 35%. Not so for other market segments. Electronic information budgets as a percent of total information budget rose 16% for law schools, from 38% in 2015 to 44% of total information budgets in 2017. Law firm/corporate law libraries’ electronic information budgets rose 9%, from 69% to a record 75% of total information budgets in 2017. No time in the history of AALL’s biennial surveys has a market segment reached this 75% milestone. Is the end of this substitution trend in sight? I have my doubts. — Joe

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