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Corporate Law Department Hiring is Up and Expense Cuts Continue to Decline, According to New ALM Survey



Corporate Law Department Hiring is Up and Expense Cuts Continue to Decline,
According to New ALM Survey

ALM's 2013 Law Department Metrics Benchmarking Survey Also Shows Trend Toward
Use of Alternative Fee Arrangements Continues at Modest Pace

NEW YORK, Sept. 26, 2013 (GLOBE NEWSWIRE) -- In another sign that America's
largest companies are showing more optimism about future revenues, a new
survey from ALM Legal Intelligence found that corporate law departments are
hiring new lawyers at a rate not seen since prior to the 2008-2009 recession.

ALM's Law Department Metrics Benchmarking Survey (2013 Edition) -- which
analyzed data from 70 in-house law departments at U.S. companies with median
global revenues of $3.3 billion -- found that 59 percent of respondents hired
new lawyers in the past year, up from 51 percent in last year's survey, and
just 44 percent and 39 percent in the prior two years.

Moreover, the survey found that just 21 percent of respondents are planning on
budget cuts in the coming year, down from 24 percent in 2012, and 28 percent
and 33 percent in 2011 and 2010 respectively.

"This survey benchmarks continued positive momentum for corporate law
departments, particularly the encouraging signs that cuts in staffing and
expenses have reversed trend lines and we're now seeing cautious budget
increases," said Kevin Iredell, vice president of ALM Legal Intelligence.

Another key finding of this year's survey is that the percentage of corporate
law departments using alternative fee arrangements (AFAs) to compensate their
outside law firms continues to grow at a very modest rate. In the past year,
82 percent of American companies used some form of AFAs with their outside
counsel, up from 79 percent and 72 percent in the two prior years. However,
the majority of law departments (58 percent) are still very limited users of
AFAs, employing them for less than 20 percent of their total outside counsel
spending.

"We often hear frothy market discussions that suggest corporate legal
departments are just dabbling with AFAs," said Kris Satkunas, director of
strategic consulting with the LexisNexis® CounselLink® team, which sponsored
the survey. "However, we continue to see a steady stream of indications
demonstrating that as in-house counsel gain experience structuring alternative
legal projects, their interest in exploring more uses of AFAs grows."

The survey was conducted by ALM Legal Intelligence and was sponsored by the
CounselLink business. CounselLink is a leading cloud-based software for
Enterprise Legal Management which includes matter management, legal spend
management, legal holds and consulting services for business process
innovation and benchmarking. Click here to download a free copy of the survey
report: http://www.lexisnexis.com/163213.

About ALM Legal Intelligence

ALM Legal Intelligence offers detailed business information for and about the
legal industry, focused on the top U.S. and international law firms. The
division's online research Web service, www.almlegalintelligence.com, provides
subscribers with direct, on-demand access to ALM Legal Intelligence's
extensive database of surveys, rankings and lists related to law firms and the
legal industry. ALM Legal Intelligence is a division of ALM.

About ALM

ALM is a global leader in specialized business news and information. Trusted
reporting delivered through innovative technology is the hallmark of ALM's
award-winning media properties, which include Law.com (www.law.com), The
American Lawyer, Corporate Counsel, The National Law Journal and The New York
Law Journal. Headquartered in New York City with 16 offices worldwide, ALM
brands have been serving their markets since 1843. For more information, visit
www.alm.com.

About LexisNexis Legal & Professional

LexisNexis® Legal & Professional is a leading global provider of content and
technology solutions that enable professionals in legal, corporate, tax,
government, academic and non-profit organizations to make informed decisions
and achieve better business outcomes. As a digital pioneer, the company was
the first to bring legal and business information online with its Lexis^® and
Nexis^® services. Today, LexisNexis Legal & Professional harnesses
leading-edge technology and world-class content, to help professionals work in
faster, easier and more effective ways. Through close collaboration with its
customers, the company ensures organizations can leverage its solutions to
reduce risk, improve productivity, increase profitability and grow their
business. Part of Reed Elsevier Inc., LexisNexis Legal & Professional serves
customers in more than 100 countries with 10,000 employees worldwide.

LexisNexis helps professionals at law firms and legal departments of all sizes
manage the business element of their practice with innovative software and
mobile solutions for customer relationship management, competitive
intelligence gathering and assessment, time and billing management, matter
management, client analysis, legal holds and more.

ALM, The American Lawyer, Corporate Counsel, GlobeSt.com, Insight Conferences,
Law.com, Law Journal Press, Law Technology News, LegalTech, The National Law
Journal and Real Estate Forum are trademarks or registered trademarks of ALM
Media Properties, LLC.

CONTACT: Media Contacts:
         For ALM
         Daryn Teague, Teague Communications
         661.297.5292
         dteague@teaguecommunications.com
        
         For LexisNexis
         Frank Strong
         (919) 415-3071
         frank.strong@lexisnexis.com

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