HBR Consulting's Annual Law Department Survey and Sounding Board Series Reveal a Year of Growth in 2022 as 2023 Challenges Loom
CHICAGO, Dec. 8, 2022 /PRNewswire/ -- While the majority of law departments anticipated increases in headcount, spending, and investments in technology throughout most of 2022, heading into the new year law department leaders anticipate economic pressures and evolving demand will impact their focus in 2023, according to the 2022 HBR Consulting (HBR) Law Department Survey and HBR's series of law department Sounding Boards held throughout 2022.
- "This year's Survey results and Sounding Board data provide interesting insights on how the macro-economic realities are impacting law departments, intensifying focus on the upcoming law firm rate review cycle.
- Through Q3 2022, the majority of law departments continued to maintain favorable hiring outlooks, projected spend increases, and growth in demand.
- The annual HBR Law Department Survey is the leading source of benchmarking data for corporate law departments, providing comprehensive data on legal spending, staffing, operations, technology, outside counsel management and compensation.
- The 2022 HBR Sounding Board Series brought together a range of law department and law firm leaders in meetings with their peers.