2022 Law Firm Procurement Survey Executive Summary
The purpose of HBR Consulting’s annual Law Firm Procurement Survey is to equip law firm leaders with a point of reference for advancing the role of procurement and an industry baseline to benchmark against their peers. Our goal is to provide insight into relevant procurement trends and areas of focus to help firms tackle the increasing complexity around effectively managing third-party vendor relationships, as necessitated by increasing risk, regulations, and other requirements. This information also helps provide insights into top procurement priorities for the coming year.
The 2022 edition of the survey was conducted in conjunction with our 8th Annual Law Firm Procurement Roundtable, which served as a forum for leading firms to discuss broader procurement trends and priorities. This executive summary highlights three key findings from the survey results.