Today we are taking a tip from down under.
A legal publication in Australia wrote an article discussing how companies measure the value of an in-house legal department. According to the story, many in-house attorneys said it was hard to quantify the value of of their departments.
The group of Australian attorneys suggested “linking legal expenditure to capital efficiency metrics, or quantifying the amount saved on external legal spend through a blended rate calculation.”
So here’s our question for you:
How do your companies measure your department’s value? What is the best method?
Leave a comment below or email me.