Each week, the Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek, brings you the trends, disruptions, and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will not only help you navigate the changing legal landscape but also prepare you to discuss these shifts with thousands of legal leaders at Legalweek 2023, taking place March 20-23, 2023 in New York City. Registration is now open. Secure your ticket today.

|

The Shift: The Prediction for 2023? More Unpredictability

For general counsel and their legal departments, it's been another demanding year. They have navigated a tight labor market, economic uncertainty, geopolitical challenges and increasing risk stemming from a number of operational, reputational, regulatory, legal and financial factors. In this environment, it's difficult to meet the challenges of the day, let alone plan for new ones on the horizon.

That is why when I ask legal department leaders about the one thing they would wish for when ringing in the New Year they (half-jokingly) mention a year of calm and consistency. In all seriousness, they would love just one year of predictability when it comes to risk, revenue growth and, yes, budgets.