The survey results will make uncomfortable reading for legal advisers already grappling with a tougher stance from clients on fees.
March 31, 2023 at 05:29 AM
3 minute read
Reporter
The original version of this story was published on Law.com International
Over 30% of corporate law departments in the U.K. and Canada anticipate a cut in spending over the next coming months, more so than in any other region in the world.
The percentage of teams expecting budget cuts in the U.K. and Canada, 31% and 33% respectively, is higher than their counterparts in mainland Europe (27%), the U.S. (21%) and Asia (8%), according to a survey of in-house counsel by Thomson Reuters Institute.
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