More than two-thirds (68 percent) of legal departments said they are facing increasing legal work demands. This is among the findings from the fourth edition of the “Thomson Reuters Legal Tracker™ Legal Department Operations (LDO) Index Report.” The report, released in late October, looks at the qualitative and quantitative insights into the operations of corporate …
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Chris Maguire
Cybersecurity Concerns Rising Among Corporate Legal Departments
Corporate legal departments are increasingly ranking cybersecurity as one of their top concerns. And for many good reasons. The percentage of in-house counsel who report their organization has experienced a security breach has more the doubled in only the last year. Chris Maguire, managing director of the Corporate Legal team at Thomson Reuters discusses the …
A Look at the Data: AML Compliance Leaders Address New Requirements with Technology, Staff
The commencement of anti-money laundering (AML) requirements for financial institutions issued in May 2018 has caused increasing numbers of firms to shift their hiring and focus of compliance staff toward more efficient customer due diligence (CDD) practices, rather than addressing and managing regulatory change. That’s one of several key takeaways from the 2018 Thomson Reuters …
Anti-Money Laundering Compliance Leaders Addressing New Requirements with Technology, Staff
MINNEAPOLIS-ST. PAUL, October 24, 2018 – The commencement of anti-money laundering (AML) requirements for financial institutions issued in May 2018 has caused increasing numbers of firms to shift their hiring and focus of compliance staff toward more efficient customer due diligence (CDD) practices, rather than addressing and managing regulatory change. That’s one of several key …
Report: Cybersecurity, Regulations Stretching Legal Departments
Legal departments are maximizing plateauing headcount and driving efficiencies, even while demands on their time increase, according to the 2018 Thomson Reuters Corporate Legal Department Efficiency Report: Doing More With Less and Increasing Productivity in Corporate Legal Settings. The 2018 report — the third in a series of Thomson Reuters efficiency reports — surveyed 462 …
Thomson Reuters Legal Tracker LDO Index Notes Budget Squeeze, Prioritization of Cost Controls and Technology
Report details focus on legal operations, workload increase EAGAN, Minn. June 25, 2018 – For many corporate legal departments, budgets are not keeping up with the growing volume of work according to the 2018 Thomson Reuters Legal Tracker LDO Index, a report based on anonymized data from Thomson Reuters Legal Tracker, which includes more than …
Thomson Reuters Legal Tracker LDO Index Notes Budget Squeeze, Prioritization of Cost Controls and Technology
For many corporate legal departments, budgets are not keeping up with the growing volume of work according to the 2018 Thomson Reuters Legal Tracker LDO Index, a report based on anonymized data from Thomson Reuters Legal Tracker, which includes more than 1200 legal departments, as well as survey responses from 217 legal departments using Legal …
#CLOC2018: A Conversation with Cisco Systems’ Mark Chandler
The 2018 Annual CLOC Institute recently concluded and there were many takeaways and conversations over the course of four days. I was fortunate to co-moderate, along with Susan Lambreth, principal at Law Vision, an engaging conversation with Mark Chandler, general counsel for Cisco Systems. The session opened with CLOC Board Member Jeff Franke detailing the …
CLOC 2018: Legal Operations Key to the Modern Law Department
The role of the modern legal department has changed dramatically. Corporate law departments are no longer being viewed as a cost center that reacts to legal needs and requests from the organization, but are pro-active in working to support business goals and add value to the organization leading to substantial changes in the role of …
Corporate Legal Departments moving more work in-house even as satisfaction with outside counsel value increases
Corporate legal departments are seeing greater value for the legal services they receive from their outside counsel, according to the 2018 State of Corporate Law Departments Report from Thomson Reuters and Acritas. The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all …
