Successful Strategies for Increasing the Value of Law Departments

Successful Strategies for Increasing the Value of Law Departments

If you’re feeling pressure to strengthen your corporate connection in today’s tough economic climate, you’re not alone.

Discover what your peers are doing to demonstrate value to their companies in an informative and insightful survey sponsored by LexisNexis and conducted by ALM Legal Intelligence.

The report—Successful Strategies for Increasing the Value of Law Departments—provides an overview of the strategies, systems and tools that law departments in U.S. organizations are using to demonstrate value to their companies in order to justify legal spend.

This in-depth survey pinpoints successful strategies for demonstrating law department value and evaluating its performance. Among its findings:

• 94% of respondents feel pressure to continually explore new opportunities to demonstrate their value
• 56% of respondents define their department’s working style as historically more “proactive” (integrated with a business team) than “traditional” (working simply as a law firm within the company)
• Two-thirds report a need for reduction of risks as well as a reduction in the law department’s overall budget
• Legal departments engage in a variety of social networking efforts. The two most frequently mentioned are legal associations (blogs or web sites) and LinkedIn®

Large companies need to demonstrate value to a greater degree than small companies by focusing on measures such as reducing outside counsel spend and law department budget, cost accountability, and forecasting future costs

See for Yourself!
Download today to receive a complimentary copy of the report.

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