Article
The 2024 Chief Legal Officer (CLO) Strategy Survey
Transformation, challenges, communication, and collaboration
The chief legal officer’s roles and responsibilities have expanded beyond determining legal department strategy and providing legal services to the business. See how CLOs are now collaborating with their C-suite colleagues to help solve more complex business challenges.
About the survey
In our 2024 CLO Strategy Survey, we asked 460 legal executives about various enterprise-wide and legal function-specific topics including transformation, trust, Generative AI, understanding the work and priorities of the legal function, and how that work is accomplished. Respondents were grouped into four geographical clusters: Australia, Canada, the United States, and Europe (Belgium, France, Germany, Italy Netherlands, Spain, and the United Kingdom) to better understand where legal functions around the world are aligned—and where they are not.
93%
of CLOs believe Generative AI (GenAI) has the potential to bring value to their organizations in the next 12 months. 45% of CLOs believe the C-suite is aligned on the mission, vision, and strategy for GenAI initiatives
85%
of CLOs expect the use of technology tools to increase in the next 12 months
82%
of CLOs report legal function workloads have increased over the past 12 months. 80% of CLOs also expect the legal function budget to increase in the next fiscal year
#1
Legal functions report cybersecurity is expected to be the subject area that increases the most in importance over the next 12 months
Respondent profile
Click here for a larger view.
When asked to answer, “Which of the following best describes your level in your company or line of business?” respondents from the United States were included in the survey if they answered (1) top legal executive or (2) report to top legal executive. Although respondents from Australia, Canada, and Europe were included if they worked in any in-house legal function, 99% of the respondents from outside the United States were either the top legal executive or reported to the top legal executive.
*The total percentage exceeds 100% due to rounding of decimal values during percentage calculations.
Legal spend by company revenue
Survey respondents reported their organization’s results in the currency
used where the company is headquartered
USA
Europe / United Kingdom
Australien
Kanada
Note:
Percentages may exceed 100% in some stacked bar charts due to rounding of decimal values during percentage calculations. This rounding does not affect the accuracy of the total number of respondents represented by each bar.
Download Key Findings
You can download the key findings of our survey here.
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