Is there anything stopping you from doing benchmarking advice for your legal department? Trevor Faure, CEO of Smarter Law Solutions, responds to common hesitations in his ACC Docket article. In-house lawyers can compare the size and expenses of their team in a new report from the Association of Corporate Counsel. The summary is a great resource for getting a general picture of the current landscape, but it should not be used solely for benchmarking purposes. This summary is made available free of charge to members and non-members of the ACC. The Association of Corporate Counsel (ACC) is a global legal association that promotes the common professional and commercial interests of corporate lawyers working for companies, associations and other private sector organizations through information, education, networking opportunities and advocacy initiatives. With more than 45,000 members in 85 countries employed by more than 10,000 organizations, VAC connects its members with the people and resources needed for their personal and professional growth. By an in-house legal adviser, for an in-house ® legal adviser. License our cutting-edge legal content to develop your thought leadership and build your brand. VAC`s Legal Management Benchmarking Survey was first launched in 2019 and is currently in its third edition. It collects data on reporting structures for business units, legal staff, internal and external legal fees, work assignment, law firm usage, and diversity and inclusion measures. All legal departments from all over the world are cordially invited to participate. About 500 organizations, covering more than 20 industries and all sizes of companies, did so in the 2019 and 2021 editions of the survey.

ACC Research has partnered with Smarter Law Solutions to provide free benchmarking advice to CCA members. Our benchmarking reports help legal departments determine where they currently stand relative to their competitors, but Smarter Law analysis takes the next important steps by showing what these results mean and how they can be improved in tangible and practical ways. The consultation includes a 1-hour telephone briefing and provides a high-level report on next steps to optimize departmental costs, staffing and legal coverage. For more information, see www.acc.com/smarterlaw. LexisNexis® and Bloomberg Law are external online distributors of ALM`s extensive collection of current and archived versions of legal news publications. Clients of LexisNexis® and Bloomberg Law may access and use ALM content, including content from the National Law Journal, The American Lawyer, Legaltech News, New York Law Journal and Corporate Counsel, as well as other sources of legal information. However, the key to continuous improvement and expansion of our benchmarking offering is your participation in the survey. ACC has partnered with recruitment firm Major, Lindsey & Africa for its „2019 Global Legal Department Benchmarking Report,“ which includes responses from more than 500 companies in 31 countries.

The scope of the survey, as well as the depth and diversity of the participating organizations, allowed VAC to provide comprehensive benchmarking reports focused on many angles, with results specifically focused on companies of a certain size, industries and legal teams, ranging from one-lawyer services to those with hundreds of legal staff. Leading benchmarking data for general counsel and legal operations managers We understand that for more valuable benchmarking, you only need data within a well-defined Apples-to-Apples peer group that combines multiple organizational parameters. A custom report allows you to define the population to be compared, and we provide a customized report that better meets your benchmarking needs. The benchmarking report includes data from 427 legal departments in 26 countries. Full information on methodological scope and demography can be found in the free summary of the report. With this short list of data points and other company demographics, ACC Research creates a set of standard KPIs. Our reports include measures such as the number of lawyers per $1 billion in corporate revenue, the ratio of lawyers to support staff, and the number of lawyers both as a percentage of legal department employees and as a total number of employees. Participating departments will receive the full overall results of the survey with the full list of benchmarking measures and multiple data breakdowns by business sizes, business types, sectors and legal department sizes. The 2022 Legal Service Management Benchmarking Report will be available in June 2022. As part of the survey process, participants report the number of employees for several categories of positions within the legal department – lawyers, paralegals and legal operations professionals – as well as annual expenses, including total domestic, foreign and total legal fees.

Do you know the total cost of your legal department to the company and how it compares to peer departments? Do you have the optimal balance between lawyers and support staff? Would you like to know what kind of legal work is done exclusively in-house and what is sent to law firms and alternative legal service providers (ALSPs)? The comprehensive benchmarking report with key legal personnel, expenses, task assignment and more critical data provided by VAC includes the average breakdown of internal and external expenses, legal fees as a percentage of the company`s revenues, and attorneys` fees per hour, all of which are essential measures in determining the total cost of the legal department to the business. And we can now use consecutive editions of the survey to track and report on the overall trend of critical benchmarks. View a sample custom benchmarking report: Download a sample report You will receive a confirmation email with a link to the report you purchased. You can also download your report from the „My Downloads“ section of your ACC online account. Follow these simple instructions to download your report from your online account. VAC`s benchmarking offering has expanded significantly over the past four years. Our goal is to provide our members with the data they need to make more informed decisions in their roles. Our reports also include other measures related to the structure of the legal department, for example: which business functions fall under the legal department or how various legal tasks – document management, litigation or intellectual property management, to name a few – are managed internally, externally by external consultants, externally by alternative service providers or a combination. Read the 2021 summary on the CCA Benchmarking Reports page, contact VAC Research to learn more about the options available and prices for a custom benchmarking report, or request free benchmarking tips exclusively for CCA members. ACC Research also offers customized benchmarking reports. We understand that the most effective benchmarking exercise requires a real group of apple-to-apple peers.

Working with you to define your ideal peer group, we look at our data to create a sample of business work based on parameters that may include revenue range, business type, industry, and geographic location. We then create a tailor-made report with specific results for this smaller group of organizations. Custom reports therefore offer great flexibility and are very valuable for these detailed peer comparisons. To request a personalized report and receive pricing information, please email research@acc.com. At the end of each annual survey cycle, two reports are produced: a summary and a full benchmarking report. The 2022 CCA Legal Department Management Benchmarking Survey is open for participation until April 1, 2022. If your department has not yet participated, visit our benchmarking page and submit your response online. For example, the Boxplot chart below shows the statistical breakdown of total legal department expenses by business size for 2019 and 2021. As you might expect, large companies spend a lot more than small businesses. Not only can we see this, but the data also shows that participating legal departments spent more on all business sizes in 2021 compared to 2019. High-quality measures specific to the legal department can be difficult to find and expensive to acquire, which is why ACC Research conducts an annual survey with our partner Major Lindsey & Africa. The survey results and data points are summarized in a detailed benchmarking report that is available to all participants.

In-house consultants can see how their teams compare in terms of size, expense and service utilization in a report released Tuesday by the Association of Corporate Counsel. Make the most of VAC`s benchmarking services by participating in this year`s survey The full report provides a detailed overview of all metrics and KPIs across all sectors, company sizes and department sizes, and is intended for benchmarking purposes. All survey participants receive the report in exchange for their participation. In addition, VAC has partnered with Smarter Law Solutions to provide VAC members with free benchmarking advice (using VAC benchmarking data) that assesses your legal department`s „bottom line“ against three key KPIs: Yes.