Value for money
With those in charge of the company purse strings always under pressure to cut costs and reduce the headcount, many are prone to labelling 'service departments', such as in-house legal, as expendable. Julia Chain argues this is merely a problem of perception
The heat, as they say is well and truly on. In an environment in which businesses are under daily pressure to cut costs and reduce headcount, the cost of so-called ‘service departments’, such as in-house legal, are the first to be put under the financial microscope by finance departments that are quick to make unfair and often inaccurate comparisons with other, more obvious value creators such as marketing or sales departments. The truth is, however, simply a problem of perception.
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