Which benchmarks in-house counsel find most useful – take my poll before you peek at the early results
Only eight people have taken the moment or two to complete my poll, to the right, about the most useful benchmark metrics for their legal department. Do it now; don’t read the answer below!
Seven of the eight respondents (87.5%) chose “total legal spend as a percentage of revenue.” Four chose “inside-to-outside spend ratio; ” three “lawyers per billion of revenue;” and one chose “external legal spend per lawyer.” Remember, everyone could choose two out of the list of six. No one picked as their two most useful “internal spend per lawyer” or “total legal spend per 1,000 employees.”