As legal departments move to build out their internal operations, many recognize the value of legal technology tools and processes in helping them control their spend, according to the 2nd Annual Study of Legal Spend Management, a survey of 59 in-house legal professionals conducted by The Blickstein Group and Exterro.
The survey found that, this year, almost the same number of legal departments are increasing their outside legal spend as decreasing it. More legal departments, however, are increasing their inside legal spend, rather than decreasing it or keeping such spend steady.
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