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Legal Departments Concentrate on Value for 2016

Corporate counsel now face their 4th year of unrelenting pressure to deliver more and more business value. As the demand for value continues to increase, and budgets continue to shrink, GCs and CLOs are concentrating their budget on the new set of complex, high-risk matters which cropped up in 2015.

Key findings from BTI’s 16th Annual Survey of General Counsel and Legal Decision Makers demonstrate the continuing search for value and concentration on stretching the shrinking legal budget as far as possible, including:

  • GCs redirecting budget back to outside counsel
  • New outside counsel work focused on complex, high-risk matters
  • Doubling of class action litigation budgets
  • Legal spending for Fortune 501-1000 companies slips, while others hold steady
  • The exceptional law firms serving GCs best

YOUR OPPORTUNITY TO INFLUENCE THE FUTURE OF LEGAL MANAGEMENT STRATEGIES

  • Join thought leading corporate counsel in defining best practices
  • Receive the gold standard analysis of legal benchmarks and strategies—complimentary
  • Tell us which law firms you really think are delivering—and which fall short
  • Your chance to be heard—what would you change about the legal services you receive

Download Your Complimentary Copy of BTI Legal Spending and Staffing Benchmarks Now