The milestone makes Legal.io one of the largest in-house legal communities in the world, with growth accelerating across every measure: members, enterprise customers, and global reach.
Despite the surge, legal counsel costs overall took up a smaller percentage of companies’ expenses, while in-house lawyers’ duties continued to broaden to reflect the business landscape’s current challenges.
The 400 largest US firms show headcount growth again after two years of sluggishness, with an average growth rate of 2.2%, while operating expenses increased by 6.8%.
Top law schools by employment rate included UVA at 97.18%, followed by Michigan, Washington & Lee, and Columbia, with UVA securing the top spot for the 2nd year in a row.
The U.S. BOL reported a significant decline in employment for the legal industry in Q1 2024, dropping to the lowest levels since 2017, with overall unemployment rates increasing.
