Economic uncertainty is requiring general counsels to reimagine the future of their legal departments
It may have taken a pandemic to get certain industries and governments to rethink “business as usual.” However, even before coronavirus sent shock waves through the global economy, the legal profession was proceeding with caution.
Given what we know now, one thing is clear: Legal departments everywhere must continue adapting to changing times.
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1Key takeaways from the white paper.
Innovative approaches to legal resourcing make even more business sense
Ways to stay nimble and on budget
Deploy the resources your legal team needs without jeopardizing budgets
New approaches to delivering seamless service to business stakeholders -- economic pressures notwithstanding
Transforming the Legal Department covers practical ways legal departments can ramp up and down quickly to right-size their resources during a downturn; ensuring business imperatives are met and budgets are never exceeded.
Stay nimble and on-budget, increase productivity, and boost workplace satisfaction with flexible legal talent. Get the guide to do it right by downloading this white paper.
of chief legal officers said they were expecting a recession in 2019
Proceeding with caution
Even before the COVID-19 pandemic, legal teams were proceeding with caution, ramping down spend and right-sizing their in-house teams.
3Spending on the downswing
Spending on outside counsel and hiring of in-house lawyers both decreased in 2018 and 2019 - even before the pandemic hit.