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 minimising 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:
- The Importance of a Comprehensive Legal Spend Strategy
- Compliance with New Data Privacy Laws is a Top Priority
- Doing More Yourself is Key in Minimising E-Discovery Spend