Three key take-aways from the 2019 State of Corporate Law Departments report

Today’s corporations need law departments to provide legal support that enables them to maximize their competitive advantage, while at the same time safeguarding the organization against unnecessary risk. Yet, many corporate law departments are faced with dynamic and wide-ranging problems, and the solutions require a highly diverse set of skills and capabilities. A new report, State of Corporate Law Departments, 2019 — published by Thomson Reuters, and UK-based legal research firm Acritas, assesses the landscape for corporate law departments and finds that in order to maximize the value of the legal services delivered, corporate law departments need to pay as much attention to improving the impact of those legal services as they do to reducing the cost of those services.