With greater business disruption around the world, law departments are now facing a critical need to reduce costs. Coincidentally, we asked 52 legal leaders to participate in the 4th Annual Study of Effective Legal Spend Management at the beginning of this COVID-19 crisis, focusing on how legal departments across the country are controlling budgets and what techniques are most effective for minimizing legal spend.
In this year’s survey, the Blickstein Group, Corporate Counsel Business Journal (CCBJ) and Exterro have focused on three areas that may impact legal spend the most:
How new data privacy regulations like the CCPA and GDPR have impacted spending
How Legal teams are planning their internal and external spending over the next year
Where Legal teams are focusing on cost savings
53 In-House Legal Professionals
32 Organizations Over $1 Billion in Revenue