The bull market in corporate legal operations roars on. In an unprecedented surge, more than four out of five legal departments now have dedicated legal ops staff, according to Thomson Reuters.
The bull market in corporate legal operations roars on. In an unprecedented surge, more than four out of five legal departments now have dedicated legal ops staff, according to Thomson Reuters. That’s up 24% from the last edition of TR’s Legal Department Operations Index, which includes benchmarking data from $90 billion in legal spending from more than 1,450 legal departments, as well as responses to a June 2020 survey. This is the first significant shift in legal department ops the survey has ever uncovered. “We weren’t surprised to see that in-house legal departments continue to experience pressure to do more with less,” says Carly Toward of Thomson Reuters. “This is the first time, however, we have seen a significant change in how legal departments are operating and it’s clear legal operations teams are now an expectation for any modern legal department.”
Published November 10, 2020.
