Legal Department Expense as a Percentage of Total Revenue
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Legal Department Expense as a Percentage of Total Revenue. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Legal Department Expense as a Percentage of Total Revenue?
The expense incurred by the Legal Department divided by the total revenue generated by the company over the same period of time, as a percentage.
Why should Legal Department Expense as a Percentage of Total Revenue be measured?
Legal Department Expense as a percentage of Total Revenue measures the expense incurred by the Legal Department in relation to the total revenue generated by the company over the same period of time. Higher than average values for this metric can be indicative of highly manual (i.e., error and rework prone) Legal Department processes and procedures (e.g., poor use of document management systems, etc.), excessive time spent on low-value work (e.g., printing, scanning, etc.), overstaffing, general inefficiencies within Legal Department processes (e.g., inefficient distribution of corporate governance policies to employees, poor management of company intellectual property, etc.), and sub-par Legal Department employee training and performance. While companies typically seek to streamline operations and employee positions to reduce expenses in the Legal Department, great care should be taken when doing so as too many layoffs may make it that much more difficult for the company to successfully mitigate any legal issues that may pop up.
Download a Sample Legal Department Expense as a Percentage of Total Revenue
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