Following the success of our GC Workshop and Networking Event last November, Legal Futures have published an article exploring the findings of our GC survey.
“More than three-quarters (78%) of general counsel lack separate budgets for process and technology services, despite exactly the same percentage identifying a “compelling need” for them, a survey has found…
The survey of 53 GCs was carried out by Radiant Law, which combines fixed-fee legal advice with advising firms on how to handle high volumes of commercial contracts, outsourcing and IT. Based in London and South Africa, the alternative business structure employs around 30 lawyers out of 40 staff…
Paul Gilbert, a former GC and the chief executive of the consultancy LBC Wise Counsel, said in his commentary for the survey: “To have a compelling need, but have no budgetary control is potentially ‘creek, canoe, no paddle’ territory. It is, however, fascinating to know that three-quarters of the respondents describe their needs as ‘compelling’.”
Alex Hamilton, chief executive of Radiant Law, commented: “The pressure is cranking up internally to deliver more for less, but the wheels are not yet in motion to deal with it.
“There’s a greater sense that things need to change, but when we look at who is implementing change, it’s a minority…”
Read the full article here.
You can also find our white paper, Implementing Managed Legal Services: lessons learnt from the Radiant Law GC Workshop, here.