A shifting climate…
Thirty-five percent of in-house respondents to the ACC Chief Legal Officers
2017 Survey say that their company changed plans to enter new markets
as a result of geopolitical events this year. This is especially true in
Europe, the Middle East and Africa, and Asia Pacific, where CLOs report
that their companies made changes to supply and distribution channels.
Keeping the pace…
Departments are expected to grow at the same pace in 2017, according
to the ACC Chief Legal Officers 2017 Survey. Twenty-six percent of CLOs
report that they will add in-house lawyers to their department in the next
12 months, which is the same value reported in 2016.
According to the ACC Chief Legal Officers 2017 Survey, 31 percent of
CLOs reported that they terminated at least one law firm or outside
counsel relationship in 2016 for underperforming. Looking ahead, 46
percent report that they either definitively (10 percent) or may ( 36
percent) terminate a law firm or outside counsel relationship.
Remaining a target…
Twenty-eight percent of CLOs reported that they were the target of a
regulator in the past two years, according to the ACC Chief Legal Officers
2017 Survey. During the same time period, 23 percent of respondents
reported that they experienced a data breach.
10 ASSOCIATION OF CORPORATE COUNSEL