Looking across the entire sample in the 2013 Law Department Metrics Benchmarking – the data indicates corporate legal departments employ roughly 8.3 fulltime employees, including 4.7 attorneys in the corporate legal department for every $1 billion in revenue. This looked like an interesting segment of the survey sample, so we drilled down on the data specific only to those respondents from largest companies. Twenty-eight survey respondents ... Read More »
Tag Archives: legal spend
Measuring What Matters About Matters
Recently, LexisNexis CounselLink published its first Enterprise Legal Management Trends Report. One of the key metrics included in the report is blended average matter rates, which I think warrants more discussion. When I talk to most managers of legal departments or their procurement partners, their efforts to manage rates usually focus on individual timekeepers. It’s time to look at the big ... Read More »
Proving Value – Looking Beyond the Wallet
One of my favorite topics during meetings and presentations with General Counsel is measuring the value of legal departments. In my experience, nearly everybody in a corporation recognizes that the legal department adds value, but very few have concrete ideas regarding the right metrics to quantify that value. The default result has all the metrics focused on cost, thus perpetuating ... Read More »