Posted by: johnocunningham | January 28, 2013

2012 Law Department Metrics

The Corporate Counsel site of American Lawyer Media (“ALM”) has come out with the results of its 2012 Law Department Metrics Benchmarking Survey, which should open some eyes among both outside and in-house legal providers.

Among the findings culled from this survey are the following:

  • 59 percent of respondents said they will do more business in the coming year with firms that offer alternative fee arrangements for suitable projects;
  • the median portion of corporate legal budget allocated to outside counsel and other vendors is about 58 percent, off a bit from the traditional 60 percent; and
  • 71 percent of respondents said their legal workloads have increased over the prior year, with more than half saying the increase has been by more than 10 percent, but most acknowledging that they are getting more done with better inside resources over time.

But while in-house lawyers are being scrutinized more and more closely for their productivity and performance, in order to raise their efficiencies, there are still only a small minority of companies that have a formal “measurement” process for outside counsel’s performance.

The entire ALM article about the survey, which is linked to sample survey results, is worth a read.

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