Association of Corporate Counsel's 2011 CLO Survey Reveal CLO's Continued Focus on Budgets, Law Department Management & Improved Outside Counsel Relationships.\r\n\r\nChief Legal Officers reveal an increased interest in attaining value from their outside counsel with "improved budget and matter management" and providing the "appropriate lawyer-to-task," as key barometers, according to results from the Association of Corporate Counsel's (ACC) 2011 Chief Legal Officer Survey. Almost two-thirds (63%) of respondents are now using some type of value-based fee arrangement with a median of 10% or more of their outside counsel work performed under these fee arrangements, significantly higher percentages than those reported in 2009 (32%) and 2008 (21%).
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.