A disconnect between corporate legal departments and top executives is increasing workloads and shrinking budgets for in-house lawyers, according to a report released Wednesday.
General counsel expect 25% greater workloads in the next three years, and at the same time 88% of them plan budget cuts, the 2021 EY Law Survey found. Company CEOs and boards are driving the changes.
The workload-budget gap “obviously creates a huge amount of pressure,” said John Knox, EY’s global legal managed services leader and a report contributor.
EY, along with the Harvard Law School Center on the Legal Profession, in early 2021 surveyed more ...