In-house workloads are increasing and law departments are busier than over. Thank the booming economy and record low unemployment, with many companies unable to find candidates in an incredibly tight legal market with thousands of in-house counsel job openings. How is your law department coping with increased in-house workloads?
“According to Altman Weil’s 2018 Chief Legal Officer Survey, corporate legal departments are spending more on internal expenditures than on outside counsel for the first time in the history of this survey, with 48% allocated to in-house spend, 45% to outside counsel, and 6% to other non-law firm vendors. Why is that change so significant? Because it shows that the work demands for legal departments are significantly increasing. At the same time, general counsel (GCs) are under pressure to run their departments like any other business unit and perform at more efficient and cost-effective levels. To achieve this, GCs are starting to take a more holistic approach to tracking and managing all the work performed by the legal department.”
Read: Workloads Are Increasing. Is Your Legal Department Keeping Up? at Business of Law Blog