Reports & Guides

2026 Legal BUDGETING Report

The Value Transformation: How Hong Kong & Global In-House Teams Are Evolving Legal Budgets to Become Strategic Business Partners

Enterprise legal departments are dismantling traditional cost-center budgeting models at unprecedented speed, with nearly half transforming their financial frameworks in just the past year and high-maturity teams capturing 40% more value through strategic resource allocation, yet only 29% have achieved true value-based performance, creating a widening gap between departments racing toward strategic partnership and those trapped in outdated financial paradigms while competitors accelerate past them.

This report reveals findings from our comprehensive global survey of over 500 General Counsel, Chief Legal Officers, Deputy General Counsel, and Chief Financial Officers across eight countries including the U.S., UK, Germany, and APAC regions.

September 8, 2025

Get the Full Report

49%

of legal departments transformed their budgeting models in the past 12 months, with another 36% planning changes in 2026

78%

are mandated to implement AI without dedicated budgets, forcing teams to raid existing resources while trying to transform operations

41%

would switch from law firms to ALSPs at just 30% cost savings, yet only 36% have formal policies to capture this value

89%

of legal leaders rate CFO relationships as excellent, but a 14-point authority gap undermines strategic collaboration

Get Axiom's New Legal Budgeting Report

Discover how 500+ global legal and finance leaders are navigating the journey from cost center to value creator with mature budgeting frameworks, strategic ALSP integration, and proven approaches to demonstrating measurable business impact.

Interested in past editions? See how insights have evolved over time. View all Budgeting Reports