US Companies Are Biggest Spenders on Legal Services Globally
Companies in the U.S. spend 166 percent more on legal services per dollar of revenue compared to companies in other parts of the world, findings from U.K.-based market research company Acritas Research Ltd. show.
May 24, 2017 at 12:36 AM
3 minute read
The original version of this story was published on Corporate Counsel
Companies in the United States spend 166 percent more on legal services per dollar of revenue compared to companies in other parts of the world, findings from U.K.-based market research company Acritas Research Ltd. show.
The median legal spend at U.S. organizations is 0.40 percent of revenues, compared to 0.15 percent for their global counterparts, according to data released by Acritas this week, from an annual survey of more than 2,000 chief legal officers and general counsel from companies across the globe.
This percentage of revenues spent on legal services puts U.S. companies 74 percent higher than the global average of 0.23 percent. Behind the United States was Canada, where companies spent a median of 0.27 percent, followed closely by companies in the United Kingdom with 0.23 percent.
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