26 September 2017 at 07:30 BST

Legal departments prioritise innovation

Legal departments are taking innovation seriously with nearly one in two delivering.

Warakorn Harnprasop

Nearly half of legal departments have implemented new and innovative approaches in the last two years. According to Acritas CEO Lisa Hart Shepherd, 43 per cent of companies are changing how they work with innovation at the heart of their changes. In research to be revealed at The GC Futures Summit, she also revealed that younger GCs are 38 per cent  more likely to have met budget – they are generally more spend savvy, more willing to work with procurement and make twice the use of fixed fees to their older counterparts.

Poor value

She also found that legal departments gain efficiency in legal spend by bringing at least 40 per cent of their budget in-house whilst 48 per cent of complaints about law firms relate to poor value – in-house counsel think firms should be able to deliver work cheaper and with more certainty. The event will also feature Andrew Magowan, general counsel of Asos, who will discuss what key performance indicators (KPIs) in-house legal departments should be using. If you would like further information on the event, email benmartin@globalcitymedia.com.


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