Credit: FGC/Shutterstock Optimizing the Legal Spend: A Better Approach for GCs
Given the current state of law firm economics and the surge in demand for legal services, those in charge of corporate legal departments would be wise to reframe their fiscal mandates. Instead of looking to take a hatchet to their budgets for outside counsel, GCs should be focused on optimizing the legal spend and viewing their lawyers and law firms as assets to be leveraged. But how can GCs derive a return on their legal spend investments?
September 15, 2021 at 11:04 AM
7 minute read
From the Experts
Despite the impact of COVID-19 on the U.S. economy, corporates nationwide continue to rack up some rather hefty legal bills. In fact, it's estimated that in 2021, large domestic companies will have spent more than $23 billion on litigation alone, up from $22.8 billion in 2020—this according to Statista, a leading provider of market and consumer data.
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