Total Legal Spending / Revenue Metric for Corporate Legal Departments
Rees Morrison form the Law Department Management Blog reminds us of the ‘most telling and honest benchmark’ for legal departments: TLS/Revenue
"total legal spending, its inside budget plus what it spends on outside vendors divided by its company’s revenue for the year"
The TLS/Revenue metric is best because it is a ratio that all in-house legal departments can be compared with (regardless of size).
