Spike in Number of GCs Expecting Legal Bills to Rise - Law.com International
The proportion of U.K. in-house counsel expecting to spend more on external legal work in 2022 has risen sharply, as businesses continue to adapt to a post-pandemic and post-Brexit market.
The percentage of legal buyers planning to increase overall legal spend subtracted by those planning to decrease spend hit 23%, up from 1.1% the previous year, according to a Thomson Reuters survey of 265 senior corporate counsel. It is by far the highest net figure in the last five years.
This premium content is reserved exclusively for International Edition subscribers.
Benefits of a subscription include:
- Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
- Cutting-edge research such as UK Top 100, China 45, and Asia 50
- Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
- Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
- Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide
Already a subscriber? Sign In Now
Questions about group subscriptions? Contact an Account Specialist [email protected] | +1-855-808-4530 (Americas) | +44(0) 800 098 86009 (UK & Europe)
source: https://www.law.com/international-edition/2022/04/20/number-of-general-counsel-expecting-rise-in-legal-spend-spikes/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.