Top Execs Rate Their LEGAL COUNSEL

Article excerpt

Chief executives value their corpo-rate legal departments for the high quality of their work, their responsiveness to legal needs and their accomplished outcomes, according to a recent joint survey of top ex-ecutives in U.S. companies. The survey was conducted by AMA Re-search in conjunction with Management Re-view and Corporate Legal Times, a leading monthly on in-house corporate legal de-partments. The survey polled 114 respon-dents, 53 percent of them presidents and CEOs and 25 percent of them chief financial officers. They were asked to evaluate the performance of their in-house counsel and the importance of the department to their organizations. The respondents cited litigation, con-tracts and employment law as the three biggest legal concerns and challenges their enterprises face today. According to the re-sults, the executives surveyed are more sat-isfied with the legal advice given by their company's legal department than by their outside counsel, especially when their orga-nizations are facing litigation. They also are more satisfied with the internal cost of legal services than with that of outside counsel. …