A third of in-house legal teams plan to increase budgets

Although the top aim of 61% of in-house legal teams is to cut the amount they spend on external lawyers, some 32% expect to increase their budgets in the next 12 months.

These are some of the conclusions of new research form LexisNexis. In general, in-house departments are more satisfied than they were in 2013 - with 70% of those surveyed saying that this year has been better than last. Improving operational efficiency and regulatory compliance are the top legal department challenges, according to Lexis in its research called ’10 telling statistics from optimistic legal departments’. Source: LexisNexis

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