In its 2022 State of Corporate Law Departments report, Thomson Reuters Institute (TRI) looks at CLD performance and the shape of success in a post-pandemic world. “Where 2020 and 2021 saw the emergence of new ways of working rapidly imposed because of the pandemic,” TRI says, “2022 looks to offer the law departments the opportunity to drive positive change for their people and work. The most successful law departments will be those that leverage the momentum of the past two years to actively embrace transformative change, in how they integrate and operate both within their organization and in utilizing outside legal expertise.” One possible reference point, TRI suggests, is a 2021 survey asking outside counsel to review a recent matter and appraise their own performance and that of their client. “Approximately 1,000 matters were reviewed in this way, and in 90% of cases, opportunities for law department improvements were identified by external firms,” including low-hanging areas of mutual responsibility: pricing, scoping and project management. Visit TRI for the full report.
Published July 8, 2022.
