While there are no reliable GPS devices to map the new topography of the post-recession legal landscape, all corporate counsel report one near-universal map coordinate: the injunction from their senior management that they “do more with less” — sometimes a lot less.
For 2009, on average, corporate legal departments — across all industries — were on the receiving end of budget cuts of 11.5 percent. The range varied from zero to 75 percent, with the financial industry hardest hit. This was in the face of corporate legal expenses, which have risen a staggering 75 percent in 10 years.
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