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Legal Department Spend Survey

Budget 2020 125x35

Legal Department Spend Survey 2020

Published September 2020

Legal Department Spend Survey 2020

Top tips for securing the legal budget your team needs
Top tips for securing the legal budget your team needs

Top tips for securing the legal budget your team needs

05 October 2020

Convincing business leaders to approve proposed budgets for legal departments can be one of the harder tasks of a GC. LACCA’s legal spend survey shows that while most GCs are happy with the budget they receive, there is still room for improvement. The region’s in-house community shares their tried-and-tested methods for securing the budgets they want and improving the legal budget process within their companies.

The art of negotiation: finding the middle ground for law firm fees
The art of negotiation: finding the middle ground for law firm fees

The art of negotiation: finding the middle ground for law firm fees

05 October 2020

LACCA’s latest research into in-house teams’ legal spend shows companies prefer not to pay firms by the hour, but still have to use this fee structure for a significant proportion of the work they hire external counsel for. Against a backdrop of heightened widespread financial uncertainty, how can in-house teams negotiate the best deal with law firms?

Why are companies sidelining cybersecurity?
Why are companies sidelining cybersecurity?

Why are companies sidelining cybersecurity?

05 October 2020

LACCA’s legal spend survey found a large discrepancy between what in-house departments spend on technology and the amount they dedicate to cybersecurity. As companies strive to keep their businesses fully operational during the covid-19 pandemic, investing in cybersecurity is not high up on GCs’ priority lists but with attacks on the rise, should it be?

More responsibilities, less budget, and learning to juggle the two
More responsibilities, less budget, and learning to juggle the two

More responsibilities, less budget, and learning to juggle the two

05 October 2020

Doing more with less is a tough challenge. LACCA’s latest legal spend survey found most in-house teams have reduced their legal budget in the last year, a period when workloads have increased and the complexity of legal issues facing companies has deepened as a result of the covid-19 pandemic. Balancing less budget with more responsibilities has led GCs across the region to find windows of opportunity in unlikely places.