Legal departments are prioritizing workflow efficiency, cost controls, and technology use. These are among the findings of the 2023 Legal Department Operations Index, which noted legal departments are facing growing workloads, shrinking budgets, and a need to increase their use of technology. Legal Current shares top takeaways from the report. Legal departments are under pressure …
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corporate legal departments
Legal Department Operations Index Reveals Staffing, Technology Changes Due to COVID-19
Findings of the latest Thomson Reuters Legal Department Operations (LDO) Index reveal 81% of legal departments surveyed have dedicated legal operations staff, up from 57%. It’s the first time the survey – now in its fifth edition – has seen a significant shift in how legal departments are operating. The report showed legal departments’ use of …
New Thomson Reuters Legal Tracker LDO Index Finds Billing Guideline Enforcement and Proactive Law Firms Control Costs, Not Fixed Fees and RFPs
Corporate legal departments say their most effective cost controls are enforcement of billing guidelines, reductions on invoice expenses, and working with law firms that pro-actively show their value. At the same time, many legal departments are not using fixed or flat fees, matter budgets, competitive bidding through requests for proposals (RFPs) or reallocation of work …
