This article appeared in Accounting and Financial Planning for Law Firms, an ALM publication delivering analysis and intelligence for Corporate Counsel, Managing Partners, Financial Planning Professionals, and Law Firm Administrators. Visit the website to learn more.
Over the last few years, the legal operation managers’ role has flourished, growing from a profession in its infancy into an unruly teenager, far more mature but with substantial areas poised for development. The Ninth Annual Law Department Operations Survey from the Blickstein Group, sponsored in part by Consilio, recently explored this trend in corporate law departments. The Survey collected information about law department operations (LDO) from a record 133 in-house professionals, delivering actionable benchmark data that in-house law departments can use to create effective management strategies. The results showed that more than ever, law departments are focused on implementing programs and structures to improve their financial management and deliver value.
