What Is Up With The Auto Industry?
Corporate Legal Times reports on the 200 largest legal departments. At the end of the report is a breakdown by industry of the number of attorneys in a company per billion dollars in revenue. For example, in the Aerospace and Defense category, the listed companies average 4 lawyers per billion dollars in revenue. Here are some others:
Commercial Banks 6 lawyers
Forest and Paper Products 4
Pharmaceuticals 6
Tobacco 3
Industrial Manufacturing 3
Automobile 1
One lawyer per billion dollars! Far and away the most extraordinary ratio in the group. What is going on with the auto industry?