This report presents results on a subset of respondents from the Association of Corporate Counsel Chief Legal Officer (CLO) 2014 Survey, published in January 2014. More than 1,200 individuals in 41 countries who serve as the organization's chief legal officer or general counsel (referred to as CLO in this report) participated in this survey to provide a global outlook of CLOs worldwide. This report provides results and analysis of respondents from Canada, as well as demographic information, such as staffing, budget changes and revenue, while also exploring intangibles, such as CLOs' top legal and business concerns for the past 12 months and their anticipations for the future.
Reducing Outside Legal Costs
• Roughly 97% of Canadian CLOs applied one or more management practices to control outside legal spending and 28% anticipate their use of value-based fees to increase in the year ahead.
Top Three Issues Facing Canadian CLOs in 2014:
• Ethics and compliance, regulatory and governmental changes and information privacy.