A 2016 LLM, INC. SURVEY


The State of the Legal Industry:
Goals, Obstacles and Results

How departments and firms are responding to the continuing call for change.

Doing Less with More

Focused on cutting costs, departments are leading the change. While firms have been reactive to this demand and others, increasingly more are being proactive and benefitting from it.

More Than Technology

Although technology is helping cut costs and increase efficiency and communication, there's still room for improvement. One example is the high amount of software systems being used by firms.  

Changes in the Next 12 Months

Looking ahead, a majority of departments expressed they are planning to take on more work in-house while firms are looking to deliver greater budgeting predictability to their clients.

Survey Says …

Several notable themes emerged from the survey data, including a focus on budgeting and costs, a shared view on the benefits of using technology and the improved level of communication between departments and firms with more work to be done.

Highlights of the survey report include:

  • Desired changes and perceived obstacles 
  • Frequency of communication and tracking 
  • Anticipated spend on outside counsel 
  • Percentages of AFA use for non-transactional work 

For more on the state of the legal industry, download the survey.

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