Corporate Legal Department Benchmarking

Today we’ll talk about a fairly. Benchmarking and the Antitrust Laws This article was edited and reviewed by FindLaw Attorney Writers Since the early history of the antitrust laws in the U. World shares mixed after S&P 500 hits all-time high. Added experience in Site Management, Environment Protection, Investments Coordination, Budgeting and Lean Assessment. CompIQ provides business-grade compensation recommendations and benchmarking for each individual employee at your firm and the tool-kit to meet new pay equity laws. Data for multifamily buildings will be released fall 2020. 7 in the United States, according to HBR Law Department Survey. Corporate legal departments use a variety of tools to manage their legal projects and cases. Outdated and flawed taxi laws need urgently reforming as new figures show the number of licensed drivers and vehicles have hit a record high, the Local Government Association says today. Law Department Performance Metrics and Ready-to-use KPIs In an era increasingly driven by metrics, it is important for organizations- law departments to find or develop tools that measure the value of the legal services they deliver. Legal costs: • internal legal spend per revenue This would be calculated by dividing the cost of the law department — excluding fees paid to external counsel — by revenue so you could benchmark spend per revenue dollar as a percentage (could be in total as well as major line item); • external legal costs per revenue. Between 38% and 44% of respondents use even the most popular forms of legal tech—eSignatures, and contract and document management tools—and just 14% used analytics, the survey found. Corporate legal departments were positioned as the next frontier of corporate efficiency and risk management, and encouraged to operate as a true business partner. The report also includes benchmarking data from more than $90 billion in legal spending from more than 1,400 legal departments and 62,000 law firms, as well as responses to a July 2019 survey of corporate legal departments that use Legal Tracker, the world's largest legal index. Approves policies developed within various sub-functions and departments. Metrics that measure productivity can help you manage individual employee performance according to overall department. We hope that finance professionals will find it. Although the occurrence. What is a corporate secretary? Within any organization, a Corporate Secretary’s duties include ensuring the integrity of the governance framework, being responsible for the efficient administration of a company, ensuring compliance with statutory and regulatory requirements and implementing decisions made by the Board of Directors. Normally organizations benchmark other top performing organizations in order to provide a gap analysis to world class practices and then develop implementation plans to close the gap. Prior to United Rentals, Mr. 2019 CEFLI Compliance and Ethics Benchmarking Survey Report. Claims Department Cites Corporate Legal Analytics and Benchmarking Data as Business Rationale CounselLink is a best-in-class product for ELM - and it's ahead of the curve for benchmarking and reporting. The Corporate Entities module ensures traceability and transparency of events of corporate life and automates their management (articles of association, securities, capital transactions, DGE reporting, etc. Thirty-one. With the move to Mercer Job Library, there are 1,615 positions within the US MBD: Finance, Accounting, and Legal Survey. We inspect services providing education and skills for learners of all ages. These capabilities draw from historical billing data as well as industry benchmarks to identify trends, differences between providers,. You need to establish a goal setting procedure for your department or report on your current goals. Department's benchmark discounts, no actuarial support is required in the filing and the filed discounts will be considered approved as of the filing date. The City of Evanston ensures equal opportunity and fair access to City employment, recreational and educational programs, and services and does not discriminate on the basis of race, color, religion, sex, national origin, citizenship status, ancestry, age, order of protection status, marital status, familial status, disability, arrest record. To address this, J. Legal Suite’s Corporate Entities module is the business partner of teams in charge of managing governance and compliance risk management for: Managing direct and indirect holdings. Join Benchmark Human Services and positively impact the lives of other people who are just like you! Benchmark is a national leader in providing programs to individuals with disabilities and mental illness. You shouldn't have to waste it fussing with complicated email platforms. Shop for wedding rings and wedding bands manufactured in gold, silver, titanium platinum, tungsten, and cobalt by Benchmark Rings. Office timings are 9-6. So, how should General Counsel and corporate executives evaluate their legal needs and determine a "Goldilocks" strategy for tailoring a legal department that's just the right size? Here are a few tips compiled from podcasts, articles, blog posts, and online media (as listed in the "Related Resources"):. They have responded enthusiastically. Lauren: Why did you choose to participate in the software benchmarking? Mike: As a CFO I always want to balance growth plans with resources. New Association of Corporate Counsel Benchmarking Report Lets Legal Departments Measure Up Caroline Spiezio CORPORATECOUNSEL. The ability to develop relationships is important. ACC Legal Operations is a member-driven organization that supports corporate legal operations professionals by delivering benchmarking, resources, and opportunities to collaborate. More work moving in-house even as legal department satisfaction. Thanks, your message has been sent to the Massachusetts Department of Transportation! If you need to contact the Massachusetts Department of Transportation, please click here. Legal Department Staffing Ratio measures the total number of company-wide employees divided by the number of Legal Department employees (across all the Legal function's sub-groups) working for the company at the same point in time, expressed as a ratio (e. Also involved in preparing the quarterly benchmarking analysis, which is to be presented to the Board Audit Committee and Management by Group CIA. 11 Oct 2019. is a leading provider of information, business intelligence, and regulatory and legal workflow solutions for legal, corporate, and compliance professionals across several industries. A checklist to measure your legal department performance. The average increase in legal spending from 2014 to 2015 was 1. Veracode customers across different industries are applying data from Veracode’s State of Software Security (SoSS) report to drive maturity, engage developers, build executive support, and procure. Ulf Zetterberg, CEO and Co-Founder at Seal Software, commented, "These statistics point to expanding investment by corporate legal departments in contract analysis and extraction solutions. CompIQ provides business-grade compensation recommendations and benchmarking for each individual employee at your firm and the tool-kit to meet new pay equity laws. The Paralegal assists the Legal Department with its day-to-day administration, including real estate, banking and corporate transactions and related. The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. At a minimum, the legal department should be tracking the raw number of patents, copyrights, and trademarks applied for and/or granted during the year. For Legal Department Per Lawyer. Black EOE Journal's Top Energy Employer 2013. It shouldn’t be. The National Association of Insurance Commissioners (NAIC) is the state-based standard-setting organization governed by the chief insurance regulators from the 50 states, the District of Columbia and five U. Here are five things you should consider when benchmarking against other in-house legal departments. Counsel and more on Indeed. According to a 2008 survey of chief legal officers, conducted by consulting firm Altman Weil, GCs like Dwyer are planning to decrease their use of outside firms, which typically constitute the largest expense of any corporate legal department. To ascertain who these individuals are, please call the Corporate Integrity Department at 417-269-7655. Legal KPIs aims to evaluate staff working in the legal department of an organization. Corporations are clearly facing sig-nificant challenges. 11 Oct 2019. ING Groep N. Recently I was asked by Linda of New York City: What is the most valuable HR best practice every new business owner should be aware of? Below are answers from the Young Entrepreneur Council, a nonprofit organization that provides young entrepreneurs with access to tools, mentorship, community and educational resources that support each stage of their business’s development and growth. 7%, as compared to 2. Benchmarking is an effective and data-driven way to determine what action items belong on the top of the list. 27% 2017 33 2016 20% 2015. Added experience in Site Management, Environment Protection, Investments Coordination, Budgeting and Lean Assessment. Huron Legal's Law Department Benchmarking Survey, conducted in partnership with the General Counsel Forum, a community of more than 700 general and senior managing counsel, polled 119 companies from around the world. It is interesting for Canadian businesses to consider to whom privacy leaders report within organizations. Our role is to manage and shape the tax, excise and superannuation systems that fund services for Australians. Litigation and Dispute Resolution. Benchmarking is the practice of a business comparing key metrics of their operations to other similar companies. Increase in legal spending. Legal work inside corporations is changing fast. Human Resources passionate working in Barilla Group. According to the Report, privacy leaders are most likely to report to the board if they are data protection officers (67 per cent), if the company has less than $100 million revenue (39 per cent), if the headquarters is located in the EU (35 per cent), or if the. Tom Sager is the former General Counsel and Senior Vice President at the DuPont Company. organization gain visibility into legal department operations and various legal activities. Learn about key people, get contact information. Structure: Re-engineering the Law Department George W. In-house counsel jobs and news since 2005. Benchmarking is a process for obtaining a measure - a benchmark. There are two principal methods of organization in corporate law departments, decentralized and centralized. Benchmark Genetics Norway and Bolaks have signed a 10-year agreement for the production of Atlantic salmon broodstock and eggs from our SalmoBreed strain. Legal service metrics can be used to diagnose the root causes of the department-s low numbers and to report on accomplishments. Benchmarking is an effective and data-driven way to determine what action items belong on the top of the list. The smallest gains have been in the departments where women have historically been most dominant: Human Resources, Marketing, and to a lesser degree, the Legal department; women now have now near-parity in these departments. His responsibilities include all corporate and commercial matters with focus on foreign direct investment. Frequently, corporate scrutiny focuses on compliance issues: that is, whether companies comply with the legal obligations to run the business ethi-cally around the world. Metrics that measure productivity can help you manage individual employee performance according to overall department. Between 38% and 44% of respondents use even the most popular forms of legal tech—eSignatures, and contract and document management tools—and just 14% used analytics, the survey found. The company can achieve a better understanding of legal operations by implementing an efficient management of in-house legal work, operational structure, and internal processes. Law Society releases first ever benchmarking report for GC. -Benchmark equity indices opened on a highly volatile note on Monday as weak domestic and global cues weighed on investor sentiment amid sustained foreign fund outflow. Hig- performing organizations strive to identify processes, functions, or offerings that are important to their businesses and evaluate their efficiency and effectiveness. Legal costs: • internal legal spend per revenue This would be calculated by dividing the cost of the law department — excluding fees paid to external counsel — by revenue so you could benchmark spend per revenue dollar as a percentage (could be in total as well as major line item); • external legal costs per revenue. We offer a range of tools and other supporting resources to assist you in managing your in-house resources and external suppliers in the most effective and efficient way. Day One is a management consulting firm specialized in Legal, Risk and Compliance. " But benchmarking is not a quick or simple process tool. The efforts of five legal departments are reflected in the "Global Law Department Knowledge Management Benchmarking Survey" of the Additional Reading list (see below). The Legal Ops Observer is devoted to reporting on issues important to the members of the ACC Legal Ops section— from the challenges they face to best practices that work, to how members effectively implement innovation within their individual companies and define the future of legal ops across the industry. Learn about key people, get contact information. Department of Justice corporate integrity agreement. Appetite for growth is on the rise, but it is tempered by economic uncertainty. The Law Department is the primary legal advisory to Elected Officials, City Departments, and Boards and Commissions. Whether you’re a recent college graduate or re-entering the workforce, Ford Motor Company offers opportunity and the chance to help create a better tomorrow. What is a corporate secretary? Within any organization, a Corporate Secretary’s duties include ensuring the integrity of the governance framework, being responsible for the efficient administration of a company, ensuring compliance with statutory and regulatory requirements and implementing decisions made by the Board of Directors. The procedure for applying is strict. Our suite of offerings – including our patented Enterprise Legal Management technology platform, our applications for legal matter and spend management, and our legal analytics and benchmarking intelligence tools – combine to. Corporations are clearly facing sig-nificant challenges. How can corporate counsel take better advantage of the big data revolution? Tapping into law firms with the technology to access anonymized data from similar companies is a prudent start. Develops major goals to support broad functional objectives. consilio 2016 law department benchmarking performance series participant attributes 70 total number of participants $1. We have significant experience in legal, commercial, tax, labour and auditing, from “blue-chip” companies to Startups, but not only ” — Athena Law Firm. Vincent Cordo, sourcing officer for Shell, and Christopher Jeffery, our legal market development lead for the energy industry, sat down with us to talk about pressures facing in-house corporate legal departments and how they’re responding to an ever-changing economic, legal and geopolitical. To answer the question”What is Legal Operations?“, it’s important to make a distinction between the two things legal departments focus on. Legal procurement expert Dr. Matt leads Elevate’s Legal Business Solutions and US Consulting practice which focuses on design, development, and delivery of practical solutions to help corporate law departments and government agencies manage their legal operations and reduce legal spend, and help law firms improve profitability through the use of value-based pricing (AFAs. Benchmarking--the process of establishing a standard of excellence and comparing a business function or activity, a product, or an enterprise as a whole with that standard--will be used increasingly by healthcare institutions to reduce expenses and simultaneously improve product and service quality. Minimum Requirements - Walmart Corporate. This year's In-House Legal Benchmarking Report shows the areas of focus that corporate legal teams are homing in on in the hopes of gaining the kind and with 3rd-party vendors; control over project management through the use of technology; and control over data volumes and data types during preservation. Enhance your knowledge with resources like research papers, exclusive member survey reports and presentations from top speakers on hot industry topics. The function is made up of Special Practice Groups (SPGs), such as IP, litigation, M&A employment and benefits, and others; as well as focus teams aligned to departmental priorities, or "pillars. As an insider working with thousands of top corporate practice leaders, Susan has an amazing breadth of experience with the inner workings of in-house practice and the implementation of value-based legal models, as well as an. Legal Tracker is a secure, online, cloud-based workspace that connects your legal department’s documents, matters, e-billing and reporting. Average Lower Quartile Median Upper Quartile Sales Revenue: $1 Billion to $5 Billion Industry: Other Industries Size of Department: 4 to 10 All Companies Co. In addition, the Walmart legal department and the Walmart Foundation today announced a $115,000 donation to Legal Aid of Arkansas and the Arkansas Access to Justice Commission. Benchmarking--the process of establishing a standard of excellence and comparing a business function or activity, a product, or an enterprise as a whole with that standard--will be used increasingly by healthcare institutions to reduce expenses and simultaneously improve product and service quality. The average increase in legal spending from 2014 to 2015 was 1. Morrison, Hildebrandt ABA General Counsel Forum. However, corporate legal departments having such transparency at their disposal may have come at a cost to law firms. Learn about the industry's best practices and prepare for the ever-changing world of compliance. According to a 2008 survey of chief legal officers, conducted by consulting firm Altman Weil, GCs like Dwyer are planning to decrease their use of outside firms, which typically constitute the largest expense of any corporate legal department. Corporate Campus Partnership with Union, NJ School District. Each year ACC aims to provide our members and the broader in-house community with relevant and timely data that can help legal departments make more informed business decisions. Tom Sager is the former General Counsel and Senior Vice President at the DuPont Company. On average, law departments increased their spending, but at a lower rate than last year. Faced with increasing pressure from company management, corporate law departments are becoming more efficient by using a variety of cost-cutting methods. The 2006 study, which was a more extensive benchmarking study than the recent survey that was just completed, also indicated that the legal (9%) and corporate compliance (7%) departments were actually more common locations for the audit program than was the internal audit department. Catalyst Consulting specializes in advising corporate and government legal departments and associations on a broad range of management issues. The Law Department Metrics Benchmarking Survey, 2013 Edition, provides benchmarks on staffing, expenses, outside counsel, operations and functional areas of. How can corporate counsel take better advantage of the big data revolution? Tapping into law firms with the technology to access anonymized data from similar companies is a prudent start. Tracking the workload and productivity of legal staff is an important part of demonstrating efficiency and value. Billing Analytics — The first tier of legal spend analytics applies data collection, reporting and analysis automation to billing and invoice data. The rise of the in-house counsel movement. By 2018, this revenue is expected to increase to approximately 288 billion. Total legal spending as a percentage of revenue. In-house counsel jobs and news since 2005. The average increase in legal spending from 2014 to 2015 was 1. Buy Legal KPI Benchmarking "Data-as-a-Service" Products from Opsdog. So, how should General Counsel and corporate executives evaluate their legal needs and determine a "Goldilocks" strategy for tailoring a legal department that's just the right size? Here are a few tips compiled from podcasts, articles, blog posts, and online media (as listed in the "Related Resources"):. ING Groep N. Legal Department Staffing Ratio measures the total number of company-wide employees divided by the number of Legal Department employees (across all the Legal function's sub-groups) working for the company at the same point in time, expressed as a ratio (e. We will be viewed as a "best in class" municipal law department - an exemplary benchmark. Historically, the legal department lacked the data to measure appropriately and report out on its findings. Options involve risk and are not suitable for all investors. Legal KPIs aims to evaluate staff working in the legal department of an organization. There were many similarities and differences found but legal departments in Banking and Finance were among those with the highest technology budgets and usage, outside counsel spend, and largest internal teams. Office timings are 9-6. Between 38% and 44% of respondents use even the most popular forms of legal tech—eSignatures, and contract and document management tools—and just 14% used analytics, the survey found. Vincent Cordo, sourcing officer for Shell, and Christopher Jeffery, our legal market development lead for the energy industry, sat down with us to talk about pressures facing in-house corporate legal departments and how they're responding to an ever-changing economic, legal and geopolitical. Fargason suggests that the "contract" between legal (internal and external) and internal clients be documented to allow easy analysis by the client. Vincent Cordo, sourcing officer for Shell, and Christopher Jeffery, our legal market development lead for the energy industry, sat down with us to talk about pressures facing in-house corporate legal departments and how they’re responding to an ever-changing economic, legal and geopolitical. The Legal Matter Management module is designed to support the Legal Department's full range of legal matters, from legal advice to contracts or litigation. Department of Finance Annual Report 2018-19. Ask a Question ; Call OFCCP’s Toll‐Free Help Line 1-800-397-6251 (TTY 1-877-889-5627) Division of Policy, Regulations Line. The Corporate Compliance Officer is responsible for the coordination of the Corporate Compliance Program of CoxHealth and its affiliated entities. Law firm benchmarking For over 60 years, the PwC Law Firm Services Group has provided premier law firms with comprehensive benchmarking information on a broad range of management topics that challenge law firm leaders. Benchmark Glass & Mirror LLC and Bgm Properties Holding LLC have been linked to this address through corporate registration records. tion’s conduct into question. In contrast, a single lawyer within a legal department with a title other than General Counsel, for example “Corporate Counsel”, will typically report to the CFO or COO and have a more limited role in providing legal advice, e. Mark Smolik of DHL said that if his. CHICAGO--()--As global organizations’ legal needs continue to increase, corporate law departments are adopting more innovative practices to better control outside counsel costs, according to the 2017 HBR Consulting (HBR) Law Department Survey, whose participant base primarily includes Fortune 500 level companies. Legal Counsel jobs now available. With nearly 700 benchmarks in human capital, benefits prevalence, health care. Law Department Surveys and Reports. "The legal department is graded on how much it has promoted [certain] program[s] and the resulting usage throughout the organization based on benchmarks; if the numbers fall below that number, the legal department takes a hit," an executive reported. 2019 Global Legal Department Benchmarking Report - Australia Supplement The 2019 ACC Global Legal Department Benchmarking Report - Australia supplement is now available. 48 percent, to 37853. Benchmark Private Wealth Management, LLC is a Registered Investment Advisor. It also serves as a unified voice to advance this critical business function. Approves policies developed within various sub-functions and departments. The Benchmarking Report showed that only 54% of respondents were “very or. Structure: Re-engineering the Law Department George W. Shop for wedding rings and wedding bands manufactured in gold, silver, titanium platinum, tungsten, and cobalt by Benchmark Rings. The Australian legal services industry is in transition. We know time is your most precious resource. The Coalition of Women's Initiatives recognized Exelon's legal department with the Benchmark Award, which honors a law firm or corporate legal department that has demonstrated passion for and commitment to the advancement of women's issues in the legal profession. • Provides day-to-day performance management guidance to line management (coach-. Many GCs and CLOs are looking to prove the value of the legal function to the business. Join Benchmark Human Services and positively impact the lives of other people who are just like you! Benchmark is a national leader in providing programs to individuals with disabilities and mental illness. You get 25 benchmark metrics for 26 industries and many countries as well as metrics by size of law department and corporate revenue. Welcome to the Office of Teaching Initiatives Web site. Enquiries on the mater can be directed to the contact persons listed above. It is a way you. Bring this first responder training to your community ACEP19 is over, but Virtual ACEP is the next best thing. You can contact the Claim Manager responsible for your organization by viewing the list below. With more than $73B in approved legal spend data, Legal Tracker provides pricing and benchmarking information allowing legal departments to make more-informed business decisions and improve the bottom line. Emergency Department Performance Measures and Benchmarking Summit: The Consensus Statement Introduction Emergency leaders are increasingly faced with challenges that go beyond the scope of traditional clinical medicine and department staffing. Association of Corporate Counsel. Copies of the ODD are available from your broker or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. Our Solution. See how America's top corporations are compensating their in-house legal staff. The Paralegal assists the Legal Department with its day-to-day administration, including real estate, banking and corporate transactions and related. While the majority of respondents reported an increase, 28% reported a decrease in legal spending. influence of legal departments Key challenges This is the first part of our GC350 benchmarking for the community The function is trusted and general counsel are Legal budgets In-house teams who are, or aspire to be, general counsel. US Companies Vastly Outspend Rest of the World on Legal Services, Acritas Study Shows. Although the term "benchmarking" is commonly used in corporate compliance discussions, [10] it can mean several different types of comparisons, and the choice of benchmarking type can have significantly different effects on the expectations that it creates in the mind of the organization doing the benchmarking. Learn more about how we help our clients advise with confidence. On Demand Learning Centre A library of tools to help you manage and lead your firm or legal department on-demand, from anywhere. In this third edition of the Thomson Reuters Legal Tracker Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into corporate legal department operations. In today's competitive world, law department leaders are forced to move forward aggressively in order to be cost efficient. Assist on corporate governance matters. David is a former president of The Dallas Assembly and the Trinity Commons Foundation. Our litigators in New York and Washington, D. Inside we look at professional development best practice from legal project management to process management and how you can improve your current situation. This is a continuation of a long-standing collaboration of almost two decades. a department with an exemplary reputation that is supported by all of the staff. Correspondingly, chief legal officers plan to increase law department staffing over the next 12 months. The ultimate objective of the legal department-s metrics program is to identify and implement strategic goals that would deliver expert legal services to support an organization-s growth and risk management. LawGeex automates the contract review process, so your lawyers are free to do what they were hired for in the first place - closing better deals and building a stronger business. 90 million American families depend on our members for life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, dental and vision and other. This article identifies current trends in the management of legal risk, compliance and corporate governance. Engage in real dialogue with the information security officer(s) before an incident occurs, in an effort to identify appropriate rules of engagement for when the corporate legal department should be involved in incident response. The rise of the in-house counsel movement. Legal Tracker is a secure, online, cloud-based workspace that connects your legal department's documents, matters, e-billing and reporting. The Law Department Metrics Benchmarking Survey, 2014 Edition, provides benchmarks on staffing, expenses, outside counsel, operations and functional areas of interest to individuals responsible for law department management. Before undertaking a benchmarking opportunity, it is important to have a thorough understanding of the company’s guidelines. The trend is being driven by smaller in-house legal departments, who still need specialty expertise and do not use alternative legal service providers as much as larger departments do. Our Solution. The average increase in legal spending from 2014 to 2015 was 1. Structure and benchmark observations about Viacom’s legal department — Practical Law, May 2011 at 80, interviews Michael Fricklas, the General Counsel of Viacom. They are also part of a bigger picture: determining legal operations department maturity. The Southern Indiana office is seeking a qualified and caring person to work as a Board Certified Behavioral Analysis. During this time, Corporate Pro Bono (CPBO), a partnership project of Pro Bono Institute and the Association of Corporate Counsel , has worked with more than 900 legal departments. It's called the Legal Tracker LDO Index Benchmarking & Trends Report, which puts it squarely under the company's e-billing and matter management brand, Legal Tracker. ING Bank is directly supervised by the European Central Bank (ECB) as part of the Single Supervisory Mechanism (SSM). Each year ACC aims to provide our members and the broader in-house community with relevant and timely data that can help legal departments make more informed business decisions. The 12 core competencies represent areas of focus that every legal operations department must manage to have a disciplined, efficient, and effective legal operations function. - Corporate legal departments can more easily compare their performance to industry benchmarks and streamline frequently-used workflows with new automation tools in the latest update of Thomson Reuters Legal Tracker™ (formerly Serengeti Tracker™), the market-leading e-billing and matter management solution. Keep Your Company's Size in Mind. The Law Department Metrics Benchmarking Survey, 2013 Edition, provides benchmarks on staffing, expenses, outside counsel, operations and functional areas of. The Department may issue a Notice of Violation to any property on the Covered Buildings List that has not provided a benchmarking report by the May 1 deadline. NIC provides efficient, cost-effective online solutions for more than 4,500 federal, state, and local government agencies nationwide. Welcome to the Corporate Legal Operations Consortium (CLOC) Australian Legal Department Benchmarking Survey 2018! The objective of this short 15-minute survey is to collect information about Australian corporate and government legal departments using as a reference the CLOC "12 Core Competencies" model for legal operations and functions. HR Department Benchmarks and Analysis 2015-2016 ISBN 978-1-63359-087-8 ISSN 1540-2711 ''This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. The business could not sustain aggressive growth without an organized and optimized legal department, complete with new and innovative tools, technology, and process improvement. Failure to submit a Benchmarking report by May 1 will result in a penalty of $500. On average, law departments increased their spending, but at a lower rate than last year. The ability to develop relationships is important. There were many similarities and differences found but legal departments in Banking and Finance were among those with the highest technology budgets and usage, outside counsel spend, and largest internal teams. The 2014 Law Department Metrics Benchmarking. The Legal Services Division handles corporate risk management for the City. 23, 2019 /PRNewswire/ -- LexisNexis® CounselLink®, a leading cloud-based enterprise legal management solution for corporate legal departments, today announced the release of. According to the results of a new Thomson Reuters report, "Ready or Not: Artificial Intelligence and Corporate Legal Departments", corporate counsel believe they are tech savvy but acknowledge. Huron Legal's Law Department Benchmarking Survey, conducted in partnership with the General Counsel Forum, a community of more than 700 general and senior managing counsel, polled 119 companies from around the world. Many GCs and CLOs are looking to prove the value… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Morgan is introducing the J. Prior to United Rentals, Mr. Automating the production of corporate instruments. Home » Planning and Legal Project Management Align to Empower Corporate Law Departments When Altman Weil reported that 67% of the law firms it surveyed were losing business to corporate law departments in-sourcing legal work, it reflected the beginning of an enduring trend. The award recognizes a corporate legal department or law firm that demonstrates passion and commitment to leading the advancement of women's issues. DOJ’s mission is to enforce the law and defend the interests of the United States according to the law; to ensure public safety against threats foreign and domestic; to provide federal leadership in preventing and controlling crime; to seek just punishment for those guilty of unlawful behavior; and to ensure fair and. Learn how to strategically leverage data analytics, in partnership with outside counsel, to strengthen corporate legal operations and help shape litigation strategies. The report also includes benchmarking data from more than $90 billion in legal spending from more than 1,400 legal departments and 62,000 law firms, as well as responses to a July 2019 survey of corporate legal departments that use Legal Tracker, the world's largest legal index. "The Consero Corporate Legal Operations Forum is a top-notch event providing opportunities for networking, benchmarking and learning how other legal operations leaders are addressing priorities and challenges. do have legal project management programs reported that they are working—82 percent report that they are effective, compared with 74 percent last year. “ We are a legal boutique specializing in complex litigation and cutting-edge transactions. Access resources, submit a claim or call our 24 hour claims service center line at 1-800-CLAIMS-0 (1-800-252-4670). Morgan Working Capital Index that captures the working capital metrics of the S&P 1500 companies from 2011 through to 2018. and the ability. We offer a range of tools and other supporting resources to assist you in managing your in-house resources and external suppliers in the most effective and efficient way. In two to 10 lawyer departments, 44 percent plan to spend more on outside counsel and 25 percent plan a decrease. Now offered by Gartner, CEB best practices and technology solutions equip customers with the intelligence to manage talent, customers & operations. These job families are: Communications and corporate affairs. Keep Your Company's Size in Mind. LawGeex automates the contract review process, so your lawyers are free to do what they were hired for in the first place - closing better deals and building a stronger business. Gender Representation by Seniority: 2016 vs. The consultation involves a 45 minute phone briefing and delivers a high-level report of the next steps to take in optimizing department cost, headcount, and legal coverage. During the webinar, Rees talks about his latest release and shares the six fundamental benchmarks all corporate legal departments should monitor: 1. Total Costs of In-House Counsel. Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature or by engage in or support volunteering or ethically-oriented practices. It requires being curious – knowing what you want to do and where you want to go. ACC Legal Operations, a section of ACC, is a member-driven organization that supports corporate legal operations professionals by delivering benchmarking, resources and opportunities to collaborate. In addition, the Walmart legal department and the Walmart Foundation today announced a $115,000 donation to Legal Aid of Arkansas and the Arkansas Access to Justice Commission. com sells Legal KPI and benchmarking data in three different ways. Corporate legal spending increased for the second straight year, but the overall rate of growth slowed, according to a new survey. News New Association of Corporate Counsel Benchmarking Report Lets Legal Departments Measure Up In-house lawyers can compare their team's size and spend in a new report from the Association of. The Legal Matter Management module is designed to support the Legal Department's full range of legal matters, from legal advice to contracts or litigation. 2019 Global Legal Department Benchmarking Report 1 The Association of Corporate Counsel is pleased to partner with Major, Lindsey & Africa on our 2019 Global Legal Department Benchmarking Report. Catalyst Consulting specializes in advising corporate and government legal departments and associations on a broad range of management issues. Susan Hackett is the CEO of Legal Executive Leadership, LLC, a law practice management consulting firm she founded in 2011 after serving as the Senior Vice President and General Counsel of the Association of Corporate Counsel (ACC) for more than two decades. A checklist to measure your legal department performance. Kristina Satkunas, Director of Analytic Consulting at LexisNexis CounselLink, discussed new analytic management approaches and benchmarking tools currently being used by corporate legal departments to manage costs and productivity. In 2014, Tom joined Ballard Spahr as a Partner, where he leverages his experience steering the legal department at a heavily regulated, Fortune 100 global corporation to a broad portfolio of areas at the firm, including litigation and trial practice, internal investigations, environmental issues, and. Producing documentation for support of benchmark content; Take responsibility for data quality, accuracy, timeliness and completeness. law firms and legal departments, one example of such a task was document review and coding services. tion’s conduct into question. SimpleLegal provides legal operations software that transforms the way corporate legal teams run their department and manage their operations, finances, matters, vendors, and more. Cyndi Baily has more than 20 years of experience in the compliance and legal fields. Since 1994, we have completed more than 500 consulting engagements with more than 150 legal departments around the world. We are developers, designers, financial analysts, marketers, culinary innovators, and dedicated operators who share an uncompromising passion for exceeding expectations at every opportunity—for our owners. txt) or read online for free. •Benchmark. They have responded enthusiastically. Since 1919 Hilton has been a leading global hospitality company. Work effectively within teams or by yourself, proactively identifying and resolving problems. Apply Here General counsel of leading companies in Europe face a number of common challenges: increasingly severe yet inconsistent regulations about corporate governance, anxiety over risk management, rules on legal privilege and national discrepancies among those rules, increasing litigation risks, antitrust developments, and anticipation and management of antitrust problems. This reimagined conference combines ACC's Mid-Year Meeting and Legal Operations Conference into one powerful event-delivering the trailblazing programs, content, training, and networking you need all in one place, at one time. The group discussed the cultural and commercial challenges of technology. , a global electronic commerce and payment card. View Nikolay Gyoshev’s profile on LinkedIn, the world's largest professional community. Forty-six percent use matter management software, 40% spreadsheets and 40% email, 25% legal project management software, and 11% generic project management software. Assess performance, fast and objectively The value of business benchmarking is more than just knowing how well you perform - the true value lies in realizing quantifiable performance optimization benefits. Auditing in Legal Services. In this third edition of the Thomson Reuters Legal Tracker Legal Department Operations (LDO) Index, we highlight qualitative and quantitative insights into corporate legal department operations. As corporate counsel you are challenged to operate the legal department like any other business unit, delivering more and better legal service at less cost. In corporate legal departments determining priorities is coupled in the shadow of tackling more responsibilities with the same, or even fewer resources. Here are five things you should consider when benchmarking against other in-house legal departments. Legal leadership are challenged with delivering more and faster guidance to sustain long-term business growth. ACC Legal Operations, a section of ACC, is a member-driven organization that supports corporate legal operations professionals by delivering benchmarking, resources and opportunities to collaborate. Find general counsel jobs, inhouse counsel salaries and career tips for corporate counsel and law departments. Join LinkedIn Summary. are separate but affiliated companies. The function is made up of Special Practice Groups (SPGs), such as IP, litigation, M&A employment and benefits, and others; as well as focus teams aligned to departmental priorities, or "pillars. Benchmark Title and Benchmark Private Wealth Management products are not FDIC-insured, may lose value, and are not bank guaranteed. “Although such numbers are not as significant to a company with annual revenue exceeding $50 billion as they might otherwise be, they are eye-catching nonetheless and should result in greater attention to privacy issues at the highest corporate levels. 2% from 2013 to 2014. We will be viewed as a "best in class" municipal law department - an exemplary benchmark. Assess performance, fast and objectively The value of business benchmarking is more than just knowing how well you perform - the true value lies in realizing quantifiable performance optimization benefits. The AI is another 10 steps ahead of me with a suggested path for a contract expansion or maybe has suggested a new supplier to call. Cost of in-house counsel can be a deciding factor in whether to add another lawyer to your department in the coming year. The Department of Commerce is the one agency in state government that touches every aspect of community and economic development: planning, infrastructure, energy, public facilities, housing, public safety and crime victims, international trade, business services and more. Ulf Zetterberg, CEO and Co-Founder at Seal Software, commented, "These statistics point to expanding investment by corporate legal departments in contract analysis and extraction solutions. The Association of Corporate Counsel (ACC) is pleased to partner with Major, Lindsey & Africa on our 2019 Global Legal Department Benchmarking Report. The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe. 25 percent and 0. Partners with the legal department as needed/required. Keep Your Company's Size in Mind. While there is a “Corporate Secretary” (legally not required) which supports the management board there is no. More work moving in-house even as legal department satisfaction. Starting in the 1980s, GCs in large companies began to make three distinct claims about the market for corporate legal services that justified increasing the power, authority, and standing of their position. Each year ACC aims to provide our members and the broader in-house community with relevant and timely data that can help legal departments make more informed business decisions. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: