The changing balance of power between legal departments and law firms
"In our legal department, we try to handle as many
matters as possible in-house.
We will only call on law firms for matters where we know we
will not have enough time, or where we lack the necessary
expertise. We have strict budget management, so we will only
call on these firms for fairly specific needs"
General Counsel, Real Estate company
Corporate legal departments are currently facing significant challenges that are driving them to rethink their insourcing/outsourcing strategies.
While cost savings are a key factor, strategic decisions require a thorough analysis of all available strategies, including for instance the hiring of additional staff and the deployment of internal process solutions, such as a management software.
By highlighting the main perspectives from legal departments, this infographic explains how the major constraints on legal teams and the opportunities offered by technology are leading them to review their strategy of outsourcing services, and increasingly internalise legal activities.