Reforms Keep In-House Lawyers Busier Than Ever
from July/August 2005
Has your fear of possible action by regulatory agencies against your company increased over the past year? YES: 63%
Has the time you spend advising your company about dealing with red tape increased? YES: 73%
Has there been an increase in face-to-face contact with:
| Directors outside board meetings? | Committee Chairs? | Directors during board meetings? | The CEO? |
| YES: 61% | YES: 69% | YES: 52% | NO: 57% |
Perhaps all this extra work on behalf of boards and directors by in-house lawyers explains why fewer in both groups used outside counsel in 2004 than in 2003. For boards, the percentage fell from 64% to 29%, and for individual directors, from 46% to 10%.
