Corporate Counsel Finds Majority Of Law Departments Surveyed Have Hired Non-law Firms For Legal Work; Two-thirds Satisfied With Results

Document review and electronic discovery were the most frequently cited types of work being outsourced. Asked why they outsourced legal visit our website work, fully 35 percent said “to test the idea.” This was the third most common reason, behind “lowering costs” and “reducing the time required to complete the work.” “Our survey confirms that corporate law departments are very concerned about costs, and that many are looking for and trying, a variety of options,” wrote Corporate Counsel executive editor David Hechler. “As more companies stretch across continents, those options include expanding the reach and composition of their workforce.” Survey respondents included both those replying to direct solicitations and self-selected corpcounsel.com users who clicked on links to the survey questionnaire. About ALM ALM is a global leader in specialized business news and information. Trusted reporting delivered through innovative technology is the hallmark of ALM’s award-winning media properties, which include Law.com ( http://www.law.com ), The American Lawyer, Corporate Counsel, The National Law Journal and The New York Law Journal. Headquartered in New York City with 16 offices worldwide, ALM brands have been serving their markets since 1843.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/10/17/idUSnGNX4HJNkm+1dc+GNW20131017

Corporate Japan to save, not spend, gains from tax cut

We need to stick to internal reserves,” said one machinery maker. About one in five respondents said they would use the savings from the tax cut to offset the cost of updating and replacing ageing equipment and plants. For years Japanese firms have been hoarding cash, instead of spending on plants and equipment or raising salaries, due in part to the view that Japan would remain mired in deflation. As a result, corporate Japan is sitting on a cash pile of some 220 trillion yen (RM7 trillion), Bank of Japan data shows. Abe has instructed his government and ruling coalition to consider a permanent cut in the effective corporate tax rate, set at 38% for a large Tokyo-based corporation, which is higher than the global average of 24%.
For the original version including any supplementary images or video, visit http://www.themalaysianinsider.com/business/article/corporate-japan-to-save-not-spend-gains-from-tax-cut

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