Survey: Business Practioners See Challenges From Increasing Demand, Tight Budgets, Compliance
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A recent EY global survey of 1,058 senior legal practitioners around the world demonstrates the pressures that legal functions are currently under and how these may ultimately drive a change in operating models.
On its website the company describes the findings:
“In one of the most comprehensive surveys ever undertaken into the legal function, responses revealed that legal functions are having to balance an increase in demand against a squeeze on costs, while remaining compliant with a challenging and ever-changing regulatory environment. At the same time, they are struggling to capitalize on technological advances and are having difficulty attracting and utilizing talent resources.”
