Data from the 500-plus legal departments so far in the General Counsel Metrics (GCM) benchmark survey highlight how the costs of legal services swing widely across different parts of the world. For example, consider total legal spending--inside budget plus fees paid external counsel--expressed as a percentage of corporate revenue. That fundamental metric makes clear material differences in costs between law departments headquartered in different regions of the world.
To start, I took data from 201 legal departments in the GCM set whose companies are from the U.S. and analyzed them as a "Region." Then I took 72 legal departments who have their home base in continental Europe and called that region "Europe," which excludes the former Soviet bloc countries as well as the U.K. and Ireland.