Leopard Solutions Survey Reveals Trends in Corporate Legal Departments’ Approach to Selecting Outside Counsel | PR Newswire [Video]

In pursuit of innovation and cost control, legal departments are increasingly focused on establishing pre-approved law firm panels and adopting alternative fee arrangements.

, /PRNewswire/ — Leopard Solutions, the premier provider of legal business intelligence and analytics, today announced the release of its 2024 Corporate Counsel Salary & Lifestyle Survey. This comprehensive survey, which gathered responses from nearly 500 in-house legal professionals across the United States, provides essential insights into the evolving corporate legal landscape and offers a detailed look at trends that can impact both law firms and corporate legal departments.

While 94% of respondents have law firm experience, with many having worked in Big Law, 4% indicated they are unlikely to return to law firm life, citing dissatisfaction with salaries, work-life balance, and firm culture. As legal departments continue to evolve, 26% of respondents noted an increase in insourcing legal tasks, with external law firms and alternative legal service providers …