Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Accounting and Financial Planning for Law FirmsFeaturesLaw Firm ManagementLaw Firm Marketing and Business DevelopmentLegal Operations

'Do More With Less' Is Theme from New Legal Ops Report

By Trudy Knockless
November 01, 2023

The phrase "do more with less" appears three times in Thomson Reuters Institute's recently released "2023 Legal Department Operations Index," and similar sentiments appear on nearly every page of the 25-page report.

Indeed, the overarching finding of this year's report, which was based on an online survey this summer of 108 legal ops professionals in the United States, is that workloads are increasing but budgets aren't.

Specifically, 70% of respondents said the volume of legal work has increased over the past year, while nearly two-thirds of law departments reported their budgets are flat or decreasing.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
'Melendez/Bochner': No Guarantee the Guaranty Law Survives Constitutional Scrutiny Image

How Secure Is the AI System Your Law Firm Is Using? Image

In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.

Fifth Circuit Rejects Majority 'Independent Economic Value' Test for Infringement Damages Image

Most of the federal circuit courts that have addressed what qualifies either as a "compilation" or as a single creative work apply an "independent economic value" analysis that looks at the market worth of the single creation as of the time when an infringement occurs. But in a recent ruling of first impression, the Fifth Circuit rejected the "independent economic value" test in determining which individual sound recordings are eligible for their own statutory awards and which are part of compilation.

The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies Image

Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.

AI Governance In Practice Image

Regardless of how a company proceeds with identifying AI governance challenges, and folds appropriate mitigation solution into a risk management framework, it is critical to begin with an AI governance program.