2020 State of European Corporate Legal Department
The business world is constantly evolving. New risks and regulations around sustainability, privacy, data, and geopolitics all bring new challenges and pressures on in-house legal teams. In responding to these challenges, as well as the unprecedented disruption caused by COVID-19, in-house legal departments across Europe have named efficiency, effectiveness and safeguarding as strategic priorities for their organisations.
Drawing on extensive research from Acritas, the Thomson Reuters 2020 State of European Corporate Legal Departments report looks at several trends in the European market that all corporate legal departments should pay attention to. For example, in an effort to drive efficiency and effectiveness, many European legal departments are seeking to improve commerciality and service levels, as well as increasing their focus on automation.
With European legal spend on technology in line with the global average, many corporate legal departments are looking to the benefits that innovative legal technology can bring in better arming legal departments with the insights around how they add value to their wider organisations.