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Survey: How Covid Is Affecting In-House Legal
By TGC on June 18, 2020
June 18, 2020
An international survey looked at the effects of the pandemic on in-house legal departments. Among the findings: Twenty-five percent said their budgets had been reduced. Workloads haven’t, however, in a few areas in particular. A solid majority- 64 percent – said they were doing extra work in the area of contracts. Next was labor and employment. However, a lot of M&A work, particularly when it pertained to deals that were at an early stage when the pandemic hit, was on hold. A third of those queried said their legal departments had asked their outside counsel for rate reductions. The respondents were more than 400 senior executives, including general counsel and CEOs.
Read the full article at:
International Financial Law Review
