External advisers and service providers
Most respondents look outside their company for at least some assistance in terms of entity management work: 57 percent of professionals in the survey say they use external advisers for certain matters, while 5 percent say they use advisers for most of the work and 1 percent use them for all the work. Around a quarter (23 percent) do not use external advisers at all.
The results are similar in terms of using service providers: 56 percent turn to them for certain matters, 9 percent for most of the work, 1 percent for all the work and 19 percent don’t use service providers at all.
Respondents at mid-caps (30 percent) and large caps (28 percent) are least likely to use external advisers, but respondents at large-cap companies are still more likely than those at any other cap size to use external advisers for the majority of their entity management work, at 12 percent.
Respondents at mega-caps are more likely to turn to outside advisers or service providers for certain matters, with around three quarters (73 percent and 77 percent, respectively) saying they do so.
Regionally, US respondents are more likely to avoid using external advisers altogether (33 percent) than those in Canada (19 percent) and Europe (13 percent). But fewer US respondents (14 percent) say they never use service providers than do respondents in Canada (25 percent) or Europe (31 percent).
