More chief legal officers plan to beef up their legal departments this year, according to the results of the Association of Corporate Counsel‘s 10th Annual Chief Legal Officer Survey.

But it’s not a sign that the economy is recovering and budgets constraints are easing, says ACC deputy general counsel James Merklinger. Rather, Merklinger says, the added hiring most suggests that the recession is forcing chief legal officers to change the way they operate. They’re bringing more work in-house, spending less on outside counsel, and boosting spending on alternative fee arrangements, the survey shows.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]