Corporate Legal Departments Seeing Greater Value From Their Outside Counsel, Says 2018 State of Corporate Law Departments Report

Corporate Legal Departments Seeing Greater Value From Their Outside Counsel, Says 2018 State of Corporate Law Departments Report

More work moving in-house even as legal department satisfaction with outside counsel value increases

Corporate legal departments are seeing greater value for the legal services they receive from their outside counsel, according to the 2018 State of Corporate Law Departments Report from Thomson Reuters and Acritas.

The report analyzed data and research from Thomson Reuters Legal Tracker, Acritas and the Corporate Legal Operations Consortium (CLOC).

The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all areas of service delivery, according to the report. This is of utmost importance to firms, as legal departments said allocating work to firms that are proactive in showing their value is one of their top priorities.

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