Photo: Pickadook/Shutterstock Many Legal Departments Don't Use Specific Metrics When Crafting Budgets. That Could Soon Change
More legal department budgets are being held to higher standards, increasing the likelihood that data metrics will become a core part of many in-house counsel's financial predictions.
October 18, 2021 at 11:30 AM
3 minute read
When it comes to corporate legal departments planning for outside legal services spend, many rely on anecdotal observations rather than specific metrics when drafting a budget. But as the general counsel role evolves, that is starting to change, with observers noting that in-house legal budgets are being held to higher standards that demand more data-driven decision-making.
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