CLOs opting for AFAs: survey

According to a report on the US-based legal business consultancy firm Altman Weil, Inc. has surveyed more than 200 Chief Legal Officers (CLOs) on issues of relevance to their corporate law departments. Many CLOs are actively negotiating reductions in their outside counsel fees, opting for alternatives to the traditional legal model and increasing the size of their internal teams. Among the key findings were these:

In 2012, 46% of law departments increased their internal budgets, compared to 28% reporting a decrease. In the next 12 months, 29% of law departments expect to decrease their use of outside counsel, compared to 14% that plan to increase outside counsel use.

To read the full survey report:

-Jean Cumming

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