Thank you for sharing!

Your article was successfully shared with the contacts you provided.
BOSTON � Chief legal officers plan to expand their in-house staff and spend more on outside legal counsel over the next 12 months, according to Altman Weil Inc. and LexisNexis Martindale-Hubble’s most recent annual CLO survey. Forty percent of CLOs plan to hire more lawyers, up from 36% who indicated such plans last year. In the last two to three years, law departments involved in the survey have already added an average of 1.7 new positions. For new hires, CLOs are seeking lawyers with specific practice expertise, instead of a generalist. “Law departments are trying to find areas of practice where they can add the most value to their corporation � and bringing in a specialist can do that, as long as the economics of internalizing the work justify it,” said Daniel J. DiLucchio, a principal at the Newtown Square, Pa.-based Altman. Over the next year, 18% of law departments plan to spend more on outside counsel, compared with 14% last year. Altman’s survey, which it conducted with LexisNexis of New Providence, N.J., was based on 264 responses received in May.

This content has been archived.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 Advance® 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]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.