CLOs look for more value from outside counsel

ACC’s survey results reveal continued focus on budgets

The Association of Corporate Counsel (ACC) recently conducted its annual Chief Legal Officer Survey, and the results aren’t too surprising. CLOs are looking for increased value from their outside law firms—expecting their firms to provide the “appropriate lawyer-to-task” and are looking for “improved budget and matter management.”

"Client service and managing outside counsel relationships are at the heart of what in-house counsel do, and it's no surprise that there's been increased involvement with the ACC Value Challenge and that the survey results emphasize their interest in establishing better relationships with their outside counsel," said ACC President & CEO Veta T. Richardson in a statement. "The CLO's success in addressing company priorities, while managing costs with outside counsel, further solidifies their credibility and importance within their respective organizations."


Cathleen Flahardy

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