Extract from Ron Friedmann’s article “Highlights from the Altman Weil CLO Survey”
This post offers highlights of the annual Altman Weil CLO Survey. In my view, the Chief Legal Officer (CLO) Survey is one of the better legal market surveys. It has been conducted since 2010, has a good sample size, and asks many of the same questions year to year. Asking the same question each year provides somewhat comparable longitudinal data (not entirely comparable because the respondent set likely changes).
In this summary, I focus on CLO Survey highlights I find particularly interesting. These include the role alternative legal service providers (ALSP, also referred to as law companies here), legal operations professionals, and opportunities for clients to up their game.