Early Results Are In!
Key Findings for Hong Kong from Axiom's Upcoming 2025 Global Legal Budgeting Study
Where are Hong Kong GCs expecting to increase their legal department spend next year? How do they plan to deploy their budget overall, and how often do they revisit that plan? The answers might surprise you.
Discover how to optimise your legal department's budgeting strategy for 2025 with the latest budgeting insights for GCs*, including:
- Legal department budget increases
- 2024's top budgeting buckets
- What's in store for 2025 spending
- Legal tech and AI investments
- Budgeting models and forecasting
*The 2025 Hong Kong Legal Budgeting Survey Report was conducted by Wakefield Research, and commissioned by Axiom, among 100 Hong Kong General Counsel
55%
of GCs reported a budget increase in 2024 for their legal department
96%
of GCs said they’ll need to update their budgeting buckets for legal resources and expertise to account for AI or other emerging risks
41%
of GCs say in 2025 they will increase their budgets for flexible legal talent providers or virtual law firms