Taking the pulse of 1,302 general counsel (GC) and chief legal officers (CLO) in 41 countries, the ACC Chief Legal Officers 2016 Survey revealed that corporate law departments are spending more on internal budgets than on law firms or other external legal service providers, and the percentage of general counsel stating that their companies have designated legal operations staff has more than doubled.
- CLOs based in EMEA (Europe, Middle East and Africa) and Latin America/the Caribbean had heightened regulatory concerns, as 44 and 41 percent of GCs, respectively, answered that their companies had been targeted by a regulator in the past two years, compared to 31 percent worldwide.
- CLOs noted larger internal budgets – 53 percent of their budgets are devoted to internal spending.
- Complex litigation was the most common work to outsource.
- GCs from Generations X and Y were more likely than baby boomer GCs to seek non-legal skills, especially related to business management.
- 82 percent of respondents report a level of satisfaction with their current job, with 43 percent saying they have the highest level of job satisfaction.
For more information on the ACC CLO 2016 Survey, to purchase a copy of the full survey or to learn more about a customized benchmarking report, please visit www.acc.com/closurvey.