Total legal spending as % of revenue

Definition

Total legal spending expressed as a percentage of the company's revenue. Spending includes internal costs such as compensation and facilities as well as its external costs such as outside counsel and other service providers. Most law departments in U.S. companies of $500 million of revenue or more run between 0.25 percent and 0.75 percent of revenue. <a href="http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1196071460181">Source</a>

Formula

Tags

legal, cost, department