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Unless you are finishing up a two-year corporate counsel stint at a remote company in rural Antarctica, you are probably pretty well-versed in the language of the recession that has taken hold of news headlines, board-room meetings, and dinner-table conversations. Scaling back, laying off, flat-fee billing, in-house eDiscovery ---these have been the recent buzz words in legal departments across nation.
Well, now there are a few numbers to back up the in-house recessionary fodder. Hildebrandt International has released its annual Hildebrandt Law Department Survey, which provides benchmarking data for U.S. and global law departments.
Here are a few highlights from Hildebrandt's findings:
The survey involved 231 companies from 21 industries including 22% of Fortune 500 companies. No word if any of the companies surveyed are located in rural Antarctica.