Modestly I consider myself an expert on law department benchmarking and benchmark metrics. With that experience, moreover, comes an acute appreciation for methodological morasses, those difficulties that cause data to be less precise or accurate than we wish.
I wrote at length about four challenges in a recent article. Click here for a
of my article from Legal Week, May 13, 2010. It describes (1) data differences between subsidiary and parent law departments, (2) incomplete revenue data from privately-held companies, (3) undercount of total legal spend, and (4) the crudeness of “industry” as a descriptor of large companies.