How In-House Counsel Maximizes ROI Using Bloomberg Law

In today’s fast-paced legal landscape, corporate legal departments face increasing demands to manage complex legal matters efficiently while keeping costs under control. As these challenges continue to grow, finding technology solutions that effectively address both is essential.

To better understand how customers leverage its solutions to reduce costs and increase efficiency, Bloomberg Law surveyed 150 in-house attorneys and legal operations professionals between 2022 and 2024. The results show that:

  • 70% of customers reduced annual outside counsel spend by an average of 11%, saving $221,760.
  • 83% of customers reduced total annual legal spend by an average of 8%, saving $433,955.
  • Customers saved an average of 4 hours per week on legal tasks, reclaiming approximately 200 hours per year for high-value work.

This article digs into key findings of how Bloomberg Law has helped general counsel reduce outsourcing costs, gain time back in their days, and provide tangible value to their organizations.

[Download the full In-House Counsel Customer ROI report to see how general counsel cut down their time on routine legal tasks by 50%.]

Discover a smart, faster solution for in-house counsel

When selecting the right software for your organization, understanding your ROI is essential before making a buying decision. Discover what Bloomberg Law’s customers are saying about the platform and why 9 out of 10 report they would make the switch to Bloomberg Law again, if given the opportunity

Reduce your reliance on outside counsel and accomplishing more in-house with unmetered access to news, primary and second sources, comprehensive practice area coverage, and workflow tools. Request a demo to learn more.

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