{"id":2217,"date":"2024-03-25T08:53:12","date_gmt":"2024-03-25T08:53:12","guid":{"rendered":"https:\/\/insight.thomsonreuters.com\/mena\/legal\/?post_type=insight_resource&#038;p=2217"},"modified":"2024-05-28T08:32:47","modified_gmt":"2024-05-28T08:32:47","slug":"2024-state-of-the-corporate-law-department","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department","title":{"rendered":"2024 State of the Corporate Law Department"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Mapping a path to strategic leadership.<\/h3>\n\n\n\n<p>Priorities of legal departments are always driven by the needs and plans of their underlying businesses. In the new&nbsp;<strong>2024 State of the Corporate Law Department<\/strong>&nbsp;report, the Thomson Reuters Institute found that both business and legal priorities continue to change rapidly for those organizations, including some notable gaps between law department and C-Suite perceptions of risks and opportunities.<\/p>\n\n\n\n<p>Informed by interviews with over&nbsp;<strong>4,500 professionals worldwide<\/strong>, including legal leaders, C-Suite executives, and compliance professionals, the report found:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GCs largely believe that GenAI will be transformative to legal work<\/li>\n\n\n\n<li>Departments are chasing efficiency gains by moving work both in-house and to different firms<\/li>\n\n\n\n<li>Outside counsel spend is generally expected to increase<\/li>\n\n\n\n<li>Data privacy, cybersecurity, and ESG concerns top the list of potential future risks&nbsp;<\/li>\n\n\n\n<li>Law department leaders see their priorities substantially differently than executive leadership does, giving GCs an opportunity to redefine the perception of the department<\/li>\n<\/ul>\n\n\n\n<p>Get your complimentary copy of the&nbsp;<strong>2024 State of the Corporate Law Department<\/strong>&nbsp;report to receive:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Key insights on how global departments are balancing the major pillars of corporate legal work: effectiveness, cost efficiency, business enablement, and risk management<\/li>\n\n\n\n<li>Evidence-led advice on how to optimize your department and its outputs<\/li>\n\n\n\n<li>Peer insights collated from other corporate legal departments and their executive leaders across the world to inspire innovation and transformational change.<\/li>\n<\/ul>\n\n\n\n<p>Download your complimentary copy of the 2024 State of Corporate Law Department by completing the form on this page. <\/p>\n\n\n\n<p>The article was originally published on the <a href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/legal\/state-of-the-corporate-law-department-2024\">Thomson Reuters institute<\/a>, and features on Legal Insight with permission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explore the latest insights into the state of corporate law departments in 2024. This comprehensive report provides valuable information on emerging trends, challenges, and best practices shaping the legal industry today. Gain key insights from a survey of corporate legal professionals, highlighting critical issues and opportunities for innovation.<\/p>\n","protected":false},"author":152,"featured_media":2223,"template":"","categories":[832,602,10],"tags":[1009,272,695,356],"resource_type":[594,624,638],"insight_job_role":[],"insight_practice_area":[],"class_list":["entry","author-legalexecutiveinstitute1","has-excerpt","post-2217","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-global-tax-reporting","category-innovation-and-technology","category-legal","tag-generative-ai","tag-in-house-legal-departments","tag-legal-tech","tag-legal-technology","resource_type-full-report","resource_type-report","resource_type-whitepaper","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2024 State of the Corporate Law Department - TR - Legal Insight MENA<\/title>\n<meta name=\"description\" content=\"Explore global insights and trends in corporate law departments with our 2024 State of Corporate Law Department Report. This comprehensive resource offers valuable perspectives for Corporate Law Departments in the MENA region.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 State of the Corporate Law Department - TR - Legal Insight MENA\" \/>\n<meta property=\"og:description\" content=\"Explore global insights and trends in corporate law departments with our 2024 State of Corporate Law Department Report. This comprehensive resource offers valuable perspectives for Corporate Law Departments in the MENA region.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department\" \/>\n<meta property=\"og:site_name\" content=\"TR - Legal Insight MENA\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T08:32:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/wp-content\/uploads\/sites\/10\/2024\/03\/socld-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department\",\"url\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department\",\"name\":\"2024 State of the Corporate Law Department - TR - Legal Insight MENA\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/resources\/resource\/2024-state-of-the-corporate-law-department#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com\/mena\/legal\/wp-content\/uploads\/sites\/10\/2024\/03\/socld-image.jpg\",\"datePublished\":\"2024-03-25T08:53:12+00:00\",\"dateModified\":\"2024-05-28T08:32:47+00:00\",\"description\":\"Explore global insights and trends in corporate law departments with our 2024 State of Corporate Law Department Report. 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