Corporate Legal Operations Consortium Inc

Organization Overview

Corporate Legal Operations Consortium Inc is located in San Jose, CA. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Corporate Legal Operations Consortium Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporate Legal Operations Consortium Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Corporate Legal Operations Consortium Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENHANCE LEGAL OPERATIONS COMPETENCE, IMPROVE IN-HOUSE LEGAL MGMT & PROMOTE INDUSTRY CHANGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATE LEGAL OPERATIONS CONSORTIUM, INC. ("CLOC") IS A 501(C)(6) NONPROFIT ASSOCIATION OF PROFESSIONALS IN THE CORPORATE LEGAL SERVICES INDUSTRY FOCUSED ON:- PROVIDING INFORMATION AND TRAINING ON HOW TO OPTIMIZE THE OPERATION OF CORPORATE LEGAL DEPARTMENTS AND THE DELIVERY OF CORPORATE LEGAL SERVICES TO SMALL, MEDIUM AND LARGE BUSINESSES;- PROVIDING NETWORKING OPPORTUNITIES FOR PEOPLE IN THE CORPORATE LEGAL OPERATIONS ECOSYSTEM TO IDENTIFY WAYS TO OPTIMIZE THE OPERATION OF CORPORATE LEGAL DEPARTMENTS AND CORPORATE LEGAL SERVICES;- WORKING WITH ECOSYSTEM PARTICIPANTS, SUCH AS LAW FIRMS, LEGAL SERVICE OUTSOURCERS, TECHNOLOGY COMPANIES, GOVERNMENT REGULATORS, ETC., TO DRIVE CHANGE IN THE INDUSTRY TO CREATE AN EFFICIENT MARKET AND BETTER ACCESS TO JUSTICE.- WORKING WITH ECOSYSTEM PARTICIPANTS TO HELP THEM UNDERSTAND WHAT IS NEEDED TO CREATE OPTIMIZED SOLUTIONS FOR INDUSTRY PARTICIPANTS.CLOC IS AN ORGANIZATION LED BY HIGHLY EXPERIENCED LEGAL OPERATIONS PROFESSIONALS. ITS LEADERSHIP TEAM HOLDS DEGREES IN LAW, BUSINESS, FINANCE AND MORE AND CONSISTS OF INDIVIDUALS WHO HAVE FULL-TIME POSITIONS (DAY JOBS) AS DIRECTORS, SENIOR DIRECTORS, AND VICE PRESIDENTS AT SOME OF THE LARGEST AND MOST HIGH-PROFILE COMPANIES IN THE WORLD, INCLUDING ORACLE, NETFLIX, INTEL, VMWARE, MICROSOFT, US DEPARTMENT OF JUSTICE, AND MARSH & MCLENNAN.AS OF MARCH 2022, CLOC PROVIDES NETWORKING AND EDUCATION ACCESS TO MORE THAN 4,200 FORMAL, PAYING, MEMBERS AROUND THE WORLD AT 900+ MAJOR COMPANIES, GOVERNMENT INSTITUTIONS, AND LAW SCHOOLS IN 47 STATES AND 57 COUNTRIES. AS AN ORGANIZATION, CLOC CREATES AND COLLECTS BEST-OF-BREED CONTENT AND CREATES OPPORTUNITIES FOR LEGAL OPS PROFESSIONALS TO GET THE KNOWLEDGE AND INFORMATION THEY NEED REAL-TIME TO EXCEL IN THEIR ROLES-TO HELP THEM OPTIMIZE THE LEGAL ORGANIZATIONS THEY SUPPORT. CLOC SUPPORTS THE PROFESSIONAL ADVANCEMENT OF INDIVIDUALS RESPONSIBLE FOR RUNNING LEGAL TEAMS LIKE A BUSINESS. CLOC ALSO HELPS TECHNOLOGY COMPANIES, LAW FIRMS, AND OTHERS IN THE CORPORATE LEGAL SERVICES INDUSTRY DEFINE BETTER BUSINESS MODELS, SERVICE OFFERINGS, AND RELATED POLICIES, PROCESSES TOOLS AND REGULATORY OVERSIGHT TO ACHIEVE OPTIMIZED SOLUTIONS AND TO CREATE AN EFFICIENT MARKET. CLOC'S MANDATE INCLUDES TRAINING, NETWORKING, STANDARDIZATION, AND DRIVING OPTIMIZED, EFFICIENT OUTCOMES. IN 2020, DUE TO THE PANDEMIC, ONLY THE LONDON INSTITUTE WAS HELD IN PERSON IN JANUARY 2020 AND SAW 471 ATTENDEES 14 SESSIONS. THE VEGAS INSTITUTE WAS CANCELLED DUE TO THE CLOSURE OF THE BELLAGIO ANNOUNCED IN MARCH 2020 TO EXTEND THROUGH SEPTEMBER 2020. CLOC THEN DECIDED TO HOLD A FIRST EVER GLOBAL INSTITUTE IN NOVEMBER 2020 VIA VIRTUAL PLATFORM. THERE WERE OVER 1,400 ATTENDEES WITH 30 EDUCATIONAL SESSIONS AND ROUNDTABLES. THE SUCCESS OF THE VIRTUAL EVENT ALLOWED FOR A NEW EVENT PLANNING STRATEGY GOING FORWARD WHERE CLOC WILL SUPPLIMENT THE IN-PERSON INSTITUTES WITH VIRTUAL EVENTS AND WEBINARS THROUGHOUT THE YEAR. IN 2021 CLOC CONTINUED THE VIRTUAL EVENT STRATEGY AND HELD ANOTHER GLOBAL VIRTUAL EVENT IN MAY AND HELD A VIRTUAL EVENT IN SEPTEMBER FOR THE EMEA AREA; THE MAY EVENT WAS ATTENDED BY OVER 1600 PROFESSIONALS OVER 35 SESSIONS BOTH LIVE AND RECORDED. THE EMEA EVENT HAD 226 ATTENDEES OVER 26 SESSIONS WHICH REMAINED ON-DEMAND FOR 90 DAYS AFTER THE EVENT. WITH THE RESTRICTIONS LIFTED NEAR THE END OF 2021, CLOC PLANS TO RETURN TO IN-PERSON EVENTS IN 2022 RETURNING TO THE BELLAGIO IN VEGAS FOR A FLAGSHIP EVENT IN MAY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Monica Dozier
Marketing Services
$160,000
Aletheia Films Llc
Filming Services
$267,029
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,652,653
Investment income $3,124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,655,777

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