{"id":739,"date":"2018-08-09T15:00:00","date_gmt":"2018-08-09T14:00:00","guid":{"rendered":"https:\/\/hub.findingsimple.com\/au\/resources\/resource\/legal-tracker-ldo-index-benchmarking-trends-report-2018\/"},"modified":"2020-06-23T03:05:41","modified_gmt":"2020-06-23T03:05:41","slug":"legal-tracker-ldo-index-benchmarking-trends-report-2018","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/legal-tracker-ldo-index-benchmarking-trends-report-2018","title":{"rendered":"Legal Tracker LDO Index Benchmarking and Trends 2018 [Report]"},"content":{"rendered":"<p class=\"intro-paragraph\">The volume of work for legal departments <a href=\"http:\/\/insight.thomsonreuters.com.au\/resources\/resource\/legal-work-moving-in-house\">continues to grow<\/a>, yet the overall legal department budget is not increasing at the same rate. Legal departments are dealing with how to do more with less. To address this challenge, departments are <a href=\"http:\/\/insight.thomsonreuters.com.au\/resources\/resource\/legal-operations-team-whitepaper\">focusing on legal operations<\/a>. With an operational focus, legal departments are looking at process improvements and technology to deliver on key department initiatives like <a href=\"http:\/\/insight.thomsonreuters.com.au\/posts\/controlling-legal-spend-in-a-corporate-world\">controlling outside counsel costs<\/a> and simplifying workflow and manual processes.<\/p>\n<p>In this 2018 edition of the <a href=\"https:\/\/legal.thomsonreuters.com.au\/products\/legal-tracker\/\" target=\"_blank\" rel=\"noopener noreferrer\">Thomson Reuters Legal Tracker\u2122<\/a> Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into US corporate legal department operations.<\/p>\n<p><span style=\"color: #ff9900\"><strong>Key report themes:<\/strong><\/span><\/p>\n<ul>\n<li><strong>Legal Operations<\/strong> including focus on legal ops, in-house\/outside counsel ratios, staffing, diversity and metrics<\/li>\n<li><strong>Spend Management<\/strong> including sophistication, cost control measures and effectiveness, timekeeper rates and AFAs<\/li>\n<li><strong>Legal Technology<\/strong> including ranking of key solutions and emerging technology trends<\/li>\n<\/ul>\n<p>The LDO Index includes responses to a survey conducted among Legal Tracker&#8217;s US customers in May 2018. The survey received responses from 217 legal departments, including 76 corporations in the Fortune 1000. Legal departments responded across 34 industries. Top industries of legal departments responding include 11% Healthcare, 10% Financial Services, 8% Consumer Products Manufacturers and 7% Computer Software.<\/p>\n<p>Legal Tracker data is comprised of over US$83B in legal spending from over 1,200 legal departments and 62,000 law firms.<\/p>\n<p>To download your copy of the full report, simply complete the form on the right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volume of work for legal departments continues to grow, yet the overall legal department budget is not increasing at the same rate. Legal departments are dealing with how to&hellip;<\/p>\n","protected":false},"author":75,"featured_media":740,"template":"","categories":[576],"tags":[29,229,272,344,347,353,369,438],"resource_type":[638],"insight_job_role":[598,627],"insight_practice_area":[],"class_list":["entry","author-legaltrackerteam","post-739","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-business-management","tag-afas","tag-external-counsel-spend","tag-in-house-legal-departments","tag-legal-operations","tag-legal-project-management","tag-legal-service-delivery","tag-lpo","tag-process-improvement","resource_type-whitepaper","insight_job_role-in-house-lawyer","insight_job_role-senior-executive","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Legal Tracker LDO Index Benchmarking and Trends Report 2018 Edition<\/title>\n<meta name=\"description\" content=\"In this 2018 edition of the Thomson Reuters Legal Tracker\u2122 Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into US corporate legal department operations. Key report themes include legal operations, spend management and legal technology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/legal-tracker-ldo-index-benchmarking-trends-report-2018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legal Tracker LDO Index Benchmarking and Trends Report 2018 Edition\" \/>\n<meta property=\"og:description\" content=\"In this 2018 edition of the Thomson Reuters Legal Tracker\u2122 Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into US corporate legal department operations. Key report themes include legal operations, spend management and legal technology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/legal-tracker-ldo-index-benchmarking-trends-report-2018\" \/>\n<meta property=\"og:site_name\" content=\"TR - Legal Insight Australia\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-23T03:05:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/wp-content\/uploads\/sites\/8\/2019\/06\/legal-tracker-ldo-index-report-cover_image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2289\" \/>\n\t<meta property=\"og:image:height\" content=\"1524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/resources\\\/resource\\\/legal-tracker-ldo-index-benchmarking-trends-report-2018\",\"url\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/resources\\\/resource\\\/legal-tracker-ldo-index-benchmarking-trends-report-2018\",\"name\":\"Legal Tracker LDO Index Benchmarking and Trends Report 2018 Edition\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/resources\\\/resource\\\/legal-tracker-ldo-index-benchmarking-trends-report-2018#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/resources\\\/resource\\\/legal-tracker-ldo-index-benchmarking-trends-report-2018#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/legal\\\/wp-content\\\/uploads\\\/sites\\\/8\\\/2019\\\/06\\\/legal-tracker-ldo-index-report-cover_image.jpg\",\"datePublished\":\"2018-08-09T14:00:00+00:00\",\"dateModified\":\"2020-06-23T03:05:41+00:00\",\"description\":\"In this 2018 edition of the Thomson Reuters Legal Tracker\u2122 Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into US corporate legal department operations. 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