In case you missed it, our MPF Featured White Paper is the 2024 State of the Corporate Law Department published by Thomson Reuters. In interviews with over 4,500 professionals worldwide, the Thomson Reuters Institute found that:
- Generative AI is expected to transform legal work
- Departments are utilizing in-house teams and outside firms for efficiency
- Outside counsel spend is expected to increase
- Potential privacy, cybersecurity, and ESG risks are top concerns
- Legal departments and executive leadership have varying views on opportunities and risks