Cover More Ground
Corporate legal departments are being asked to do more than ever, without expanding the tools or headcount at their disposal. This pressure to do more with less (or the same amount of resources as before) and to be quick leads to inefficiencies, lack of clarity, and an increased reliance on outside counsel.
Discover how:
- Corporate Counsel can make the most of the resources available to them, like keeping work in-house for transactional matters in M&A, intellectual property, and litigation.
- In-house leaders can implement measures to increase productivity
- You can confront the ups and downs of partnering with outside counsel.
Thomson Reuters conducted a survey of 462 attorneys and decision makers working in corporate legal departments nationwide. The 2018 survey is the third in a series of Thomson Reuters Corporate Legal Department Efficiency Reports, intended to identify and track trends in managing internal and external resources as well as adapting to business growth and needs. Legal department trends continue to show general counsel and their teams
Legal department trends continue to show general counsel and their teams facing growing demands and increased expectations — such as the role of general counsel expanding to business advisor and ever-changing government regulations — which make it increasingly difficult for in-house leaders to avoid the pitfalls of inefficiencies, such as a budget stress, staffing woes, and dependence on outside counsel.
This study examines how legal departments are making the most of the resources available to them, especially in terms of keeping work in-house around matters related to contracts, M&A, intellectual property, and litigation. It also explores the measures in-house leaders are implementing to increase productivity — such as professionalizing the role of legal department operations managers and shifting work from lawyers to paralegals — as well as confronting the ups and downs of partnering with outside counsel.
Ready to Increase Efficiency?
As the legal industry continues to evolve, get the answers, expertise, and technology you need to stay on the cutting edge. Find solutions for your inefficiencies, by downloading the complete report here.