To understand the driving forces behind the evolving role of the CLO and of corporate legal departments, the Association of Corporate Counsel (ACC) reached out to 9,600 indi- viduals. Survey results reflect data* from more than 1,200 individuals in 41 countries who serve as the organization’s chief legal officer or general counsel (referred to as the CLO in this report). From roles and responsibilities to salaries, skills and work environments, the study explored a broad range of topics. New this year is a comparative analysis of the data from the 2013 and 2014 survey results, thereby addressing current trends facing law departments.Source: ACC
Representing more than 1,200 CLOs and general counsel from 41 countries, the ACC Chief Legal Officers 2014 Survey provides an unbiased and in-depth analysis of the highest ranking lawyers in corporate legal departments—reviewing their top concerns for the past 12 months, today, and into the future, and a prioritization of their business issues.
As the largest global survey of CLOs, the report includes an executive summary, key findings, demographics, a profile of who is serving in the CLO role today, data reporting on staffing, budgeting and compensation, and a snapshot of law departments in a variety of settings. Notable findings identified in the report reflect trends in the areas of:
Ethics and Compliance
87% of respondents believe this to be an increasingly important issue for the CLO community and other legal professionals.
Regulatory and Governmental Changes
Eighty-three percent have named this as one of the leading challenges.
Reducing Outside Legal Costs
75% of respondents reported using some type of alternative fee arrangement (AFA) such as fixed fees.
The Pro Bono Element
This year's survey revealed that 95% of respondents do not have a formal pro bono program.
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.