The legal spend landscape for 2022

Legal departments in financial services have matured over the pandemic, but seek greater control by leveraging technology and data to make strategic decisions.

Without a comprehensive understanding of spend in real-time, legal departments lack the security of feeling in control, and struggle to utilise data to make informed, strategic decisions.

Key findings include: 

• The top five barriers to obtaining a comprehensive understanding of legal expenses 
• Why controlling legal spend is seen as more important than reducing costs
• Effective techniques for controlling legal costs
• How investing in tech can help in-house legal teams scale effectively and control legal spend