Four Ways Legal Departments Can Survive (and Thrive) in a Recession
Forecasts suggest that a recession is on the horizon, causing particular stress to CEO's and the wider C-Suite.
In a KPMG survey of 400 leaders of large U.S companies, 91% of respondents predict a recession in 2023, and only 34% believe it will be 'mild and short'.
It is imperative that in-house Legal Departments adjust their legal operations to match challenging economic conditions.
The benefits: weather this rough period AND build closer ties to the business side that can last far longer than an economic downturn.
Download the white paper now
Download our white paper and find out how your in-house legal team can prepare for a looming recession.
There will be a global recession, and a string of financial crises in emerging markets and developing countries
The World Bank, Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes
Preparing your Legal Department for a looming recession
Take four key steps to help ensure your in-house legal team is prepared for a recession:
- Take a business-first approach
- Assess your Legal Department service model
- Review the Legal budget
- Demonstrate the immense value delivered by your in-house legal team
With focus on a common theme, these key points take a proactive approach to preparing for a recession. Ensuring that better results are achieved than if the Legal Department were to sit back and wait to make changes.
Download the white paper: Four ways Legal Departments can survive (and thrive) in a recession
In this white paper, we outline how in-house legal departments can partner with their organizations to face an economic recession and thrive!
Download the whitepaper now to get started.
Additional resources
Recession Readiness Part 1: Align with the C-Suite
In-house legal teams should take the opportunity to cement existing - or forge stronger - connections with their C-suite by aligning with their goals and helping to minimize damage. Learn more >
Recession Readiness Part 2: Defend with Data
As a recession looms, it’s time to demonstrate the value of your corporate Legal Department using data. Learn more >
Recession Readiness Part 3: Develop Your Emergency Budget
The threat of a recession poses great danger to already-stressed Legal Department budgets. How can in-house teams get ahead of potential budget cuts? Learn more >
Recession Readiness Part 4: Show Your Value
Legal Departments that can quantify the value they deliver are far more likely to survive budget cuts and layoffs in a recession. Learn more >