Legal Department Spend Survey
Legal Department Spend Survey 2020
Top tips for securing the legal budget your team needs
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
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?
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
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.
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