Earlier this summer the ALM Pacesetter Research team reached out to legal departments to ask about their skill set gaps, and how they addressed them. The approaches explored were grouped into three basic solution categories: staffing, training, and technology. The results were not shocking, but did raise some eyebrows.
This was not a massive group, constituting 30 legal departments. More than three-fourths of the participants were with companies with more than $1 billion USD in revenues. There was a strong (unintentional) weighting in the group towards EMEA-based companies (72%), the rest being US-based. The industries were more evenly represented with the three largest groups being professional services, TMT, Wholesale, Retail, and Leisure.
