Association of Company Counsel and Major, Lindsey & Africa launch legal benchmarking study

Barret Avigdor, executive director of in-household counsel recruiting and advisory products and services with Big, Lindsey & Africa, highlighted the increasing importance and accountability shouldered by legal departments within corporations. “This report further more illustrates this sentiment and speaks to the enhanced scope of concerns that lawful departments are tasked with taking care of, such as compliance, hazard, and privateness.”

The study disclosed that privateness was ranked the most common organization function immediately overseen by the authorized department at 57 % of respondents, overtaking compliance traditionally topped the listing. An more 19 % of departments documented that compliance is a different office that stories to legal. Therefore, 77 per cent of legal departments explained that the chief lawful officer oversees compliance compared to 70 % that has oversight around privacy.

Regardless of the legal profession’s amplified focus on diversity, the study indicated tiny adjust in range metrics inside legal departments. Roughly 3 in 10 legal departments reported that they monitor internal variety metrics related to their composition, and 21 % report monitoring diversity metrics about their outside counsel.

The ACC and MLA present customized benchmarking stories making use of the facts from this survey to provide corporations with a real comparison to their peer team dependent on six conditions. MLA’s Advisory Expert services consultants give personalized solutions in organizational and operational design and style and strategic mastering improvement. Corporations can also get hold of steerage by way of the ACC partnership with Smarter Legislation to emphasize specific locations and steps authorized departments can choose to help reduce expenses and enhance effectiveness.

The report is centered on conclusions from 499 authorized departments in companies spanning 24 industries, 20 nations, and all business measurements.

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