Reports & Guides

View from the Top:

GCs’ 2024 Outlook on Legal Budgets, Talent, and Innovation

Axiom’s third-annual research report dives into the mind of today’s General Counsels and reveals an urgency for in-house legal leaders to innovate new models to help their organizations thrive..

March 29, 2024

Get the Full Report

* Required

87%
of GCs are concerned their legal department won’t be able to invest in the necessary talent and resources due to economic volatility in 2024
81%
of legal departments don’t have the necessary staffing resources in-house to do their jobs effectively
100%
of GCs said it’s difficult for their legal department to hire the right attorneys to address their needs
97%
of GCs engaged a law firm to support their company’s legal matters last year, sending them an average of 26% of their work

What Will I Learn?

It’s no secret that GCs work in a risk-averse industry that’s historically been slow to embrace change. But if there’s one major take-away from this year’s national study, it’s that today’s GC has no choice but to flip that script.

In our latest report, we reveal why 97% of GCs continued to rely on expensive firms despite regretting it. You'll discover how capacity and expertise gaps push legal departments into costly outsourcing decisions. Learn why these choices are often made and how they affect your bottom line.

Confronting the face of change, is it possible to work within tight budgets, tackle novel legal matters, and still mitigate risk? 

Our research shows that it's possible to navigate tight budgets, tackle complex legal matters, and mitigate risk with the right resourcing matrix. GCs can optimize their teams and budgets by embracing AI-driven legal services, matching needs with qualified lawyers, and avoiding burnout—solutions that traditional ALSPs can't offer. Discover how to make smarter decisions with cutting-edge resources and strategies in our full report.

Interested in past editions? See how insights have evolved over time. View all GC Survey Reports