After emerging from the COVID era, organizations must now contend with a “triple squeeze” of compounding pressures in 2023 consisting of high inflation, scarce and expensive talent, and global supply challenges.

More than ever, legal executives face growing demands on their time and resources. According to Gartner research, general counsel anticipate more time spent managing business disruption; heightened environmental, social and governance (ESG) pressures; and additional regulatory enforcement. These increasingly complex demands on legal departments come amid strains related to lawyer exhaustion, rising law firm rates and stiff competition for legal talent. These combined forces are all contributing to spending pressure on legal in 2023, and potentially beyond.

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