We are pleased to announce the results of KPMG Global Legal Department Benchmarking survey.
Today’s legal teams operate in an environment of rapid change. Digitalization and globalization are intensifying competitive pressure and gaining new strategic importance. Creating sustainable business models, integrating technological innovation and driving economic efficiency are also at the top of management’s agenda. For the legal function, these challenges create greater pressure to deliver high-quality legal advice and a top-notch customer experience.
The Global Legal Department Benchmarking Survey aims to help legal teams meet these challenges by presenting measures that organizations have taken and provides guidance on becoming an efficient and modern legal department. It offers transparent and objective benchmarks that can help leaders of legal departments position their teams for success in the years to come.
To view and download the KPMG Global Legal Department Benchmarking Survey report, click here.
Key findings from the survey:
- Stronger central governance
As a result of globalization, the majority of legal departments (77 percent) have a decentralized structure; of those, 35 percent are within a central team led by the general counsel and 22 percent under functional management. The disciplinary lead shows strong growth.
- Cost development
The expenditure of the legal departments of the companies surveyed averaged $2,592,421 per $1 billion US Dollars (US$) in sales. Of this amount, US$1,263,409 was accounted for by internal costs and US$1,329,012 for external service providers.
- Women in the legal department
Thirty percent of the companies surveyed have a woman as general counsel. Women are also represented in other management-level roles (25 percent) and associate roles (41 percent).
Top priorities for legal professionals in the coming years are information extraction from documents (55 percent), document automation (54 percent) and data analytics (45 percent). Tools for automatic decision-making (10 percent), chatbots (7 percent) or blockchain (2 percent) offer high potential but are still rarely used in legal departments.