{"id":4498,"date":"2023-03-20T14:37:29","date_gmt":"2023-03-20T04:37:29","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2023-state-of-corporate-legal-department-report"},"modified":"2026-03-18T22:14:55","modified_gmt":"2026-03-18T12:14:55","slug":"2023-state-of-corporate-legal-department-report","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2023-state-of-corporate-legal-department-report","title":{"rendered":"State of the Corporate Law Department: 2023 Report"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">The last few years have been eventful and transformative to in-house legal departments as much as to the businesses they advise.  In the new <em>2023 State of the Corporate Law Department<\/em> report, Thomson Reuters Institute found that priorities and concerns continue to shift.  <\/h4>\n\n\n\n<p>The report is compiled from interviews with more than 1500 professionals from corporate law departments of companies with more than $1 billion in global revenue.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key findings:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>compliance and changing global regulatory burdens is now the top priority for a majority of legal departments,<\/li>\n\n\n\n<li>risk management is becoming a key component of overall cost control,<\/li>\n\n\n\n<li>most departments expect to increase budget in 2023 than reduce it,<\/li>\n\n\n\n<li>departments are increasingly quick to move work to ALSPs (alternative legal services providers) and outside vendors to manage cost increases and deliver cost effectiveness,<\/li>\n\n\n\n<li>most departments have shifted decisively to a hybrid work model.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How can this report help your legal department?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>evaluate your legal spend and benchmark vs other businesses,<\/li>\n\n\n\n<li>optimise your department&#8217;s workflow and outputs,<\/li>\n\n\n\n<li>inspire you to innovate and change through peer insights.<\/li>\n<\/ul>\n\n\n\n<p>Get your complimentary copy of the <em>2023 State of the Corporate Law Department<\/em> report by completing your details on this page.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>For more related insights, read the <a href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/2022_legal_department_operations_index_report\">2022 Legal Department Operations Index<\/a> special report, or learn about the growing market of <a href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/market-for-alternative-legal-services-growing-dramatically-global-report-shows\">alternative legal services (ALSPs)<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2023 State of the Corporate Law Department Thomson Reuters report reveals insights from over 1500 global in-house leaders on priorities, legal spend, strategic plans and more.<\/p>\n","protected":false},"author":152,"featured_media":4500,"template":"","categories":[1151,1298,941,788,967,813],"tags":[1168,1204,1290],"resource_type":[624],"insight_job_role":[818,819,1201,821],"insight_practice_area":[],"class_list":["entry","author-legalexecutiveinstitute1","has-excerpt","post-4498","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-benchmarking","category-legal-marketplace","category-practice-management","category-research-and-know-how","category-strategy-and-business-development","category-trends-and-the-future-of-law","tag-general-counsel","tag-in-house-legal-departments","tag-legal-research","resource_type-report","insight_job_role-general-counsel","insight_job_role-in-house-lawyer","insight_job_role-lawyer","insight_job_role-legal-operations-manager","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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