It's About Time - Legal Department Cuts Are Not Just a US Phenomenon

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General counsel and chief legal officers around the world are sharing a bond of pain and a world of hurt from recession-driven pressures to “reduce your total legal spend.” Following a decade where legal costs had increased by 75% while general corporate operating expenses had increased by only 20%, the message from management is clear: your legal department is not immune from the consequences of the global economic slump, so deliver on cost-containment or your job is at risk.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pamela Woldow, Legal Leadership | Attorney Advertising

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