Despite a dip in average base pay, some 85 percent of chief legal officers responding to a survey said they are satisfied with their current roles and responsibilities within their companies, according to the Association of Corporate Counsel.
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ACC said three-quarters of respondents used some type of alternative fee arrangement over the past year. According to the survey, 54 percent of Canadian CLOs dedicated a portion of their outside legal spend to value-based fee arrangements, compared to 62 percent in the United States and 81 percent in other countries.
