The Association of Corporate Counsel (ACC) and Major, Lindsey, & Africa (MLA) recently announced the release of their annual legal benchmarking survey.
The third report as a result of this partnership found a shift to internal legal spend distribution, driven largely by smaller companies.
Additionally, compared to last year, more departments moved work internally in the areas of due diligence, labor & employment, legal research and intellectual property.
The data focuses on legal department structure, work allocation, law firm usage, staffing, spending and diversity metrics.
“From internal and external legal spend, to staffing breakdowns, to diversity metrics, the ACC/MLA Law Department Management Benchmarking Report provides actionable data across today’s law department,” said Veta T. Richardson, president & CEO of ACC. “As law department leaders continue to navigate supply chain, regulatory, ESG-related issues including the Great Resignation, and more, this report provides a baseline from which to chart a path forward to maximize productivity while reducing costs and ultimately deliver greater value.”
Gregory Richter, partner and vice president of retained search and advisory services for MLA said the results “provide insightful law department metrics that will allow General Counsel, Legal Operations leaders and the C-Suite the ability to measure the fitness of their legal function."
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