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.