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The Effect of the Legal Problem on the Business. Legal issues can have major impact on a small business. Among the results:
Loss of income – 25.6 percent
Loss of customer or contract – 9.2 percent
Additional costs – 8.8 percent
Damage to reputation – 8 percent
Damage to relationship with another business – 7.4 percent
Inability to take on new work – 5.2 percent
Damage to property – 1.9 percent
Change in ownership/structure of the business – 1.9 percent
Loss of employees (other than through dismissal) – 1.8 percent
Cease in trading – 1.8 percent
The Effect of the Legal Problem on People. Small business is inherently personal; legal issues hit harder when they threaten your livelihood or your family’s legacy. Sixteen percent of respondents said that in the wake of a legal problem, they felt stress-related illness; five percent said they felt ill physically; four percent had a mental health issue; and 20 percent felt any com
New research shows the implementation rates for different types of tech by law departments across the globe. The Corporate Legal Operations Consortium (CLOC), together with the Association of Corporat
How many in-house teams formally review law firm performance?
By Jerome Doraisamy|18 May 2021
New findings from CLOC and ACC reveal the volume of law departments that actively evaluate the law firms that they engage.
The Corporate Legal Operations Consortium (CLOC), together with the Association of Corporate Counsel (ACC) (which acted as a research consultant), has released the
2021 CLOC State of the Industry report, for which they surveyed over 200 organisations across the globe, spanning over 22 industries in 21 countries.
The breakdown of organisations surveyed was: 45 per cent large companies (more than US$10 billion), 31 per cent medium-sized companies ($1 billion to $10 billion) and 24 per cent small companies (less than $1 billion).
GCs must ‘authentically speak’ about D&I journeys
By Jerome Doraisamy|18 May 2021
In the wake of findings that diversity and inclusion is the top priority for law departments, general counsel have a duty to drive change in the right ways.
Last week, Lawyers Weekly reported that – according to the 2021 CLOC State of the Industry report, complied by Corporate Legal Operations Consortium (CLOC), together with the Association of Corporate Counsel (ACC) and which surveyed over 200 organisations across the globe, spanning over 22 industries in 21 countries – implementing a diversity and inclusion program is the top-ranked issue in 2021 for law departments.
D&I beat out six other options for the top spot, with more than six in 10 (61 per cent) of respondents viewing it as a high priority. 27 per cent of the balance of respondents see it as a medium priority, and 12 per cent see it as a low priority.