We’re number one, we’re number one! Wait a minute, what are we doing?
“US organisations are spending dramatically more on legal services per every dollar of revenue than peers around the world – and the Chinese the least by a huge margin. The average legal spend at US organisations is 0.40 per cent of revenues – 166 per cent higher than the 0.15 per cent average for the rest of the world. Canadians are the second biggest legal spenders accounting for 0.27 per cent of revenues, which is a more modest 17 per cent higher than the average for the rest of the world. Those who spend the least on legal services are the Chinese where legal spending is 87 per cent lower than the global average.”
Read: US companies dramatically outspend rest of world on legal costs at GlobalLegalPost