The fifth edition of the Thomson Reuters Legal Tracker™ Legal Department Operations (LDO) Index Report highlights key trends in corporate legal department operations—and is available now. Corporate attorneys and legal operations professionals were surveyed on their spend management plans and sophistication, department priorities and maturity of their legal operations, and their staffing and diversity plans. The report also contains insight into how the COVID-19 pandemic has impacted their operations in 2020, and details the most commonly used metrics for law department operations and best practices used by leading organizations.
One key finding: In a year characterized by rapid change and uncertainty, companies have gone all-in on legal operations, with 81% of law departments surveyed indicating they now have a dedicated legal operations staff—a jump from just 57% in last year’s report.
Download the report to learn how law departments are strategically deploying their expanding legal ops resources and implementing new processes and technology to control spend and manage increasing workloads:
- Legal Operations – Dedicated legal ops, in-house/outside counsel ratios, staffing, diversity, and metrics
- Spend Management – Sophistication, cost control measures and effectiveness, timekeeper rates, and alternative fee arrangements (AFAs)
- Legal Technology – Ranking of key solutions and emerging technology trends