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Legal Dept Benchmarking ROI Calculator
About the ROI calculator
If you are considering purchasing the ACLA/CLANZ Legal Department Benchmarking resources to use in reducing your total legal spend, what sort of return on investment might this represent?
If you have already used strategies developed from the Benchmarking Report to generate cost savings, what investment return can you attribute to your purchase?
What's a good investment rate?
Many organisations have investment guidelines and hurdle ROI rates, which should be the primary benchmarks. Here are some simple examples to illustrate a range of rates in different circumstances using simple ROI calculations.
Return on investment examples
Bank investment (Invest $5000 at 5% interest) ROI 5.0%
Property investment (Buy $500k. Sell $700k. Costs $50k) ROI 27.2%
Business cost saving (Consulting advice $30k, savings $60k) ROI 100.0%*
*Assumes one-off costs and savings. If savings are ongoing, ROI will increase.
Legal Dept Benchmarking ROI Calculator
YESAre you a Premium CLANZ or ACLA Member?
(to qualify for member discount)
Leave blank
$What is your total annual internal legal spend?
(Include all salary costs and all direct and indirect costs and espenses associated with the legal function including allocated overhead) - Confidential; no data is kept
$What is your total annual external legal spend?
(ie Total legal fees and disbursements) - Confidential; no data is kept
With the benefit of strategies derived from the extensive data and peer insights from the ACLA/CLANZ Legal Department Benchmarking resources, approximately what percentage of savings do you consider to be achievable, or what savings have you already achieved using such strategies? - Default; use 10-20%
