Compelling Concerns

Economic pressures, regulatory burdens, data security—it seems that the list of concerns continues to grow for chief legal officers (CLO). In a new survey from the Association of Corporate Counsel, CLOs shared the most pressing issues facing their companies, and reported being heavily involved in business strategy. Fortunately, many are getting increased budgets to handle these responsibilities: Two-thirds of respondents said that their in-house budget increased during the past year, while 59 percent saw their outside counsel budgets increase.

81% Chief legal officers who are satisfied with their jobs, down from 92 percent in 2011