The Current State of Corporate Law Departments – Controlling Costs Amid Budget Cuts
Presented by Today’s General Counsel and Thomson Reuters
Loryn Limoges, Subject Matter Expert, Thomson Reuters
Ashley Van Scyoc, Senior Product Marketing Manager, Thomson Reuters
In 2022, U.S. corporations spent more than $2 billion on document analysis by external counsel alone. Much of this time is inevitably spent by lawyers manually searching through documents, one by one, using keyword search, and only focusing on material agreements, which presents a risk to both clients and the firm advising.
Today’s legal teams are challenged to control external spend with inflation, while being asked to make budget cuts. Join this webinar to hear how today’s modern legal teams are saving time and money on contract review and data extraction with pre-trained AI-powered document analysis.
During this webinar, your hosts will cover:
- The state of the corporate legal department from Thomson Reuters Institute research
- Top spend areas by U.S. legal departments according to Thomson Reuters Legal Tracker Advanced data
- How in-house departments can lean on technology to reduce outside counsel spend and empower their team
If you are unable to join the live event, be sure to register to receive a recording of the webinar.
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