Did you know companies have a “sweet spot” for the number of law firms they use for their class action panels? Most companies are relying on small groups of law firms to manage class actions, according to the 2023 Carlton Fields Class Action Survey. The benefits include more uniformity in the approach to class actions, more diversity of thought than a single firm, reduced management time, more understanding of client goals, and improved cost control. Only a small segment of businesses use a large group of law firms, even as the caseload grows. Thirty percent of companies use a single law firm in a supervisory role for class actions, down from 37% last year.