Top outsourcing trends in legal and corporate compliance

Today 93% of legal departments outsource a broad range of activities to legal and compliance service providers.

There are many factors driving this need. Regulatory complexity, growing expectations, and other demands means legal departments are under constant pressure to deliver more with less.

To learn more about these trends, CT surveyed executives responsible for corporate legal outsourcing decisions and compiled their responses in the Legal sourcing outlook 2022.

This infographic highlights key findings from the report, including:

• Outsourcing has spiked – 93% of respondents have outsourced work in the past three years.
• Capacity not cost – Cost savings are no longer the primary reason for outsourcing.
• Compliance complexity is rising – Constant change to regulations and jurisdictional guidelines adds to the complexity of managing corporate compliance.
• Diverse experience preferred – CLOs are outsourcing more often to specialized providers rather than law firms.
• A management challenge – Cost, expectations, and subpar vendor technology are the top challenges to outsourcing.

View the infographic to learn more.

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