Internal legal spend growth makes a case for better in-house metrics
The scales of legal spending have tipped toward the in-house team. Corporate legal departments are now “spending more internally than externally.” More than half (54%) of legal spend will be allocated to in-house resources this year.
That’s according to the 2022 Law Department Management Benchmarking Report by the Association of Corporate Counsel (ACC) and the legal recruiting firm Major, Lindsey & Africa (MLA)
However, whilst most law departments track outside counsel spend, many do not track in-house legal spend.
Writing for Corporate Counsel our CEO Nicholas d'Adhemar shares his thoughts on why this watershed moment should be a powerful nudge for legal departments to start tracking internal legal spend and offers up several ways to approach doing so.
Read the full article here.
Image credit: wei/Adobe Stock
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