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This report spotlights top legal and business concerns weighing on CLOs in European corporate legal departments. CLOs from the region identified emerging trends, business priorities, budget, staffing changes, and more as their top concerns. Key findings include what keeps CLOs up at night, and how they would prefer to spend their time. Mergers & acquisitions and compliance were the two most important issues for CLOs in Europe. Issues surrounding ownership disputes were expected to increase in importance over the next 12 months. European Departments are Growing: Approximately one in four CLOs said they intended to increase the number of in-house lawyers in their department over the next 12 months. Regulatory Issues Affecting European In-house Counsel:  European CLOs were significantly more likely than CLOs in other regions to have been targeted by a regulator for an enforcement action or investigation - 19 percent versus approximately 5 percent in other regions. One in four experienced a data breach in the past two years; one in five say their organization has been targeted by an NPE (nonpracticing entity) or patent troll.