Risk, Compliance, Data Privacy, and Regulatory Changes Named Top Concerns for Global Chief Legal Officers
28 Enero 2025 - 9:30AM
Legal department leaders worldwide are taking more strategic
ownership across their organizations and expanding their influence
outside the legal department, according to the 2025 ACC Chief Legal
Officers Survey, released today by the Association of Corporate
Counsel (ACC), in partnership with FTI Consulting, Inc. (NYSE:
FCN). The survey fielded by ACC is now in its 26th year and
provides detailed analysis of the evolving role of the Chief Legal
Officer (“CLO”) position and year-over-year trends related to legal
departments’ involvement in helping organizations adapt to a
demanding business environment.
The report, featuring responses from 772 CLOs globally,
highlights an increasing focus among CLOs on operational
efficiency, technology adoption, and improving their team’s impact
on business objectives. As organizations grapple with data privacy,
cybersecurity, and regulatory compliance risks, CLOs are
prioritizing talent development and future skills including
business acumen, technological fluency, and industry-specific
expertise.
Key findings from the survey include:
- A significant
majority of CLOs oversee multiple functions outside of legal.
Seventy percent manage at least two additional areas such as risk,
compliance, privacy, and ethics. Additionally, 58% are heavily
involved in mergers and acquisitions and other corporate
transactions, and 44% believe advising the CEO and shaping business
strategy to be their greatest impacts on their organization.
- Many CLOs report
increased volume, cost and complexity of disputes and
investigations. Forty-four percent reported an uptick in litigation
volume, 42% have seen a rise in internal investigations, and
external investigations have increased for 24%. More than one-third
said litigation is increasingly complex, while litigation costs
have grown for 60%. Internal and external investigation costs have
increased for nearly 30% of respondents, respectively.
- Regulatory
investigations are a persistent concern among CLOs. More than 70%
said their greatest regulatory concern is industry-specific
enforcement, followed by labor and employment-related issues (37%)
and third-party risk management enforcement (35%). Among larger
companies, concerns centered around antitrust (41%) and AI
regulatory enforcement (26%). Global regulatory change was also
attributed as one of the primary drivers behind the expected
increase in the use of outside counsel among 43% of CLOs
surveyed.
- Internal resourcing
is a significant challenge. When asked about the biggest barriers
facing their legal departments, respondents identified
understaffing as the primary challenge, and 30% plan to increase
the number of lawyers they hire this year. Among the largest
companies surveyed, that number jumped to 50%.
- Technology
implementation continues to be a focal point for legal departments.
Forty-four percent of CLOs plan to adopt new legal technology to
improve efficiency in the next year. This percentage is higher
among CLOs in Europe and those in larger companies, with the most
frequently cited technology initiatives being contract management
(62%), document management (32%), and workflow tools (26%).
"The 2025 ACC Chief Legal Officers Survey offers valuable
insights into the challenges CLOs are confronting worldwide," said
Veta T. Richardson, ACC President & CEO. "CLOs are key
strategic business partners, their responsibilities beyond legal
roles are growing, and they are assuming greater leadership across
organizations. This is happening amid numerous internal and
external challenges, such as a complex regulatory landscape,
geopolitical instability, and mounting budget pressures. Through it
all, CLOs continue to demonstrate resilience, creativity, and
critical thinking to help their organizations successfully navigate
an ever-changing business environment."
“Over the past two years, legal departments have become much
more sophisticated and targeted in their approach to technology,”
said Sophie Ross, Global CEO of FTI Technology. “By understanding
the importance of and investing in a combination of technology,
expertise and process improvement, CLOs are seizing the opportunity
to make an impact in their organizations during a time of immense
change and rising risks. This survey’s findings underscore many of
the trends we’ve seen among our clients, wherein legal department
leaders are taking meaningful action to mitigate digital risks,
improve legal department efficiency, and solve challenges stemming
from the increasing volume, cost and complexity of
investigations.”
The survey analyzed data from 772 CLOs across 20 industries and
48 countries.
The global survey can be found here. Supplemental reports
comparing regional-specific data to the global results are
available for Europe and Australia. For complimentary press access
only to the reports, please contact Dan Weber (d.weber@acc.com) or
Ashley Allman (Ashley.allman@fticonsulting.com).
ACC will host a live webinar to discuss the 2025 ACC CLO Survey
results on February 12 at 12 p.m. EST. Please contact Dan Weber to
register.
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About ACCThe Association of Corporate Counsel (ACC) is the
premier global legal association that promotes the common
professional and business interests of in-house counsel who work
for corporations, associations and other organizations
through information, education, networking,
and advocacy. For more than 40 years, ACC has set the standard
for in-house counsel and raised awareness regarding the value of
the chief legal officer in the C-suite and boardroom. With more
than 48,000 members employed by over 12,000 organizations and
spanning 117 nations, ACC connects its members to the people and
resources necessary for both personal and professional growth. By
in-house counsel, for in-house counsel® remains the foundation for
ACC’s market leadership. For more information,
visit https://www.acc.com/ and follow ACC
on LinkedIn, Twitter, and Facebook.
About FTI ConsultingFTI Consulting, Inc. is a global business
advisory firm dedicated to helping organizations manage change,
mitigate risk and resolve disputes: financial, legal, operational,
political & regulatory, reputational and transactional. With
more than 8,300 employees located in 34 countries and territories,
FTI Consulting professionals work closely with clients to
anticipate, illuminate and overcome complex business challenges and
make the most of opportunities. The Company generated $3.49 billion
in revenues during fiscal year 2023. In certain jurisdictions, FTI
Consulting’s services are provided through distinct legal entities
that are separately capitalized and independently managed. More
information can be found at www.fticonsulting.com.
- 2025 ACC Chief Legal Officers Survey
Dan Weber
Association of Corporate Counsel
2026961557
d.weber@acc.com