Global supply chain challenges and higher tech prices aren’t yet impacting corporate legal departments’ tech adoption or budgets. And while ballooning salaries could curb some legal departments’ short-term tech spend, in the mid and long run, expensive personnel may actually encourage more corporate legal departments to leverage technology, consultants said.
Unlike their law firm counterparts, corporate legal departments’ tech investments and their companywide buying power have largely shielded them from delayed hardware shipments and the current shortage of computer chips, said HBR Consulting managing director and legal technology practice lead Marc Allen.
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