Chief legal officers may be loosening their grip on the corporate purse strings — but only by a little bit, according to a survey released Tuesday by consulting firm Altman Weil.
There was a jump in the percentage of CLOs who increased their budgets this year, with 56 percent seeing increases in their department budgets between 2010 and 2011. That was up from 51 percent who said the same in 2010. The median amount of that increase also rose, moving from 6 percent in 2010 to a 7 percent bump in 2011.
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