In the Press - 2018 State of Corporate Law Departments

Wednesday 7th of February 2018 04:00 PM GMT

CORPORATE LEGAL DEPARTMENTS SEEING GREATER VALUE FROM THEIR OUTSIDE COUNSEL, SAYS 2018 STATE OF CORPORATE LAW DEPARTMENTS REPORT

The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all areas of service delivery, according to the report. This is of utmost importance to firms, as legal departments said allocating work to firms that are proactive in showing their value is one of their top priorities.

https://www.acritas.com/news/corporate-legal-departments-seeing-greater-value-their-outside-counsel-says-2018-state

The “2018 State of Corporate Law Departments” Report: Modern Law Departments Taking More Proactive Stance

Today’s modern corporate law department has taken a more proactive position within its organization, seeking not to be seen (as it too often was in the past) as a cost-center or — worse yet — the department of “No!” that kept other department’s business initiatives from moving forward.

http://legalexecutiveinstitute.com/2018-corporate-law-departments-report/

Legal Executive Institute, Thomson Reuters, February 2, 2018.

New Video: “2018 State of Corporate Law Departments”: Innovation, Data & Collaboration

In a new video posted today on the Legal Executive Institute blog, Mike Abbott, vice president of Client Management & Global Thought Leadership at Thomson Reuters, discusses the recently released “2018 State of Corporate Law Departments”.

http://legalexecutiveinstitute.com/video-2018-state-of-corporate-law-departments-analysis/

Legal Executive Institute, Thomson Reuters, February 6, 2018.

For U.S. corporate legal departments, cost controls top wish list

Corporate legal departments want to use more technology and use it better in order to dampen costs. Making progress on those goals may take some time.

United States corporate legal departments — the empowered buyers in a prolonged soft market for law firm services — are reacting to a demanding environment by making changes and demands of their own.

https://blogs.thomsonreuters.com/answerson/u-s-corporate-legal-departments-cost-controls-top-wish-list/

Chris Maguire - Managing Director, Corporate, Thomson Reuters, February 6, 2018.

INFOGRAPHIC: The Evolution of the Modern Legal Department — Past, Present & Future

In today’s marketplace, corporate legal departments find themselves at the forefront of an evolutionary wave that has dramatically changed their role and their priorities in the legal industry.

http://legalexecutiveinstitute.com/infographic-modern-legal-department-evolution/

Legal Executive Institute, Thomson Reuters, February 7, 2018.