How Work Arrangements Support Work-Life Balance
In-house counsel and legal operations professionals are generally satisfied with their work-life balance. The results of ACC's 2024 Law Department Compensation Survey show that 53 percent of in-house professionals say their work arrangement supports their work-life balance very well, and an additional 32 percent say work-life balance is supported somewhat well.
However, those working fully-remote are more likely to say that their work arrangement works very well for their work-life balance compared to those working full-time in the office: 74 percent to 32 percent, respectively. Those working on a hybrid schedule fall in the middle, with 51 percent saying that the hybrid work-arrangement supports their work-life balance very well.
CLOs Involved in Determining the Company's ESG Strategy
Most chief legal officers (CLOs) globally are at least somewhat involved in determining the company's environmental, social, and governance (ESG) strategy, with 29 percent being very involved and 36 percent being somewhat involved, based on results from the ACC 2024 Chief Legal Officers Survey. Almost one in five CLOs say that their company does not have an ESG strategy.
There are some differences by country or jurisdiction, with 35 percent of Canadian CLOs saying they are very involved in their company's ESG efforts, followed by 32 percent in Australia, 30 percent in the United States, 29 percent in the European Union, and 23 percent in Japan, though an additional 59 percent of Japanese CLOs say that they are at least somewhat involved.
Spend on Legal Technology by Company Revenue Size
The ACC Law Department Management Benchmarking Survey captures legal department expenses on several areas, including on legal technology. We show the median spend on legal technology for companies across five company sizes for the last two years. Unsurprisingly, large companies report higher technology costs than smaller companies, but this year's takeaway is that the median spend on legal tech has increased in four out of five company revenue groups.
Specifically, legal tech spend for mid-size companies in the $1B to $5B range has increased by 13 percent, for those companies in the $5B to $20B range it has increased by 38 percent, and it has more than doubled for companies with more than $20 billion, from $1.3M in 2023 to $2.9M in 2024.