How Legal Departments can Strategically Contribute to Corporate Success

October 2017Management Manufacturing

Abstract

“Historically, the in-house counsel position was considered a dusty professional legal service essentially dealing with dispute resolution; rarely was the in-house counsel expected to be involved in strategic thinking”. When this statement was made in 2003, it was definitely correct for the past. Over the last 14 years, there has been a tremendous development of in-house legal services and its providers, the Legal Departments Form today’s perspective, it is undisputed that the role of Chief Legal Officers and General Counsel still undergoes a shift from reactive to proactive advice, from mere providing legal advice towards joining the business team and participate in business decisions. Today, in-house counsel must not only demonstrate the technical mastery of the law but are required to take a long-term perspective, which further require knowledge of history, culture, human nature and institutions.

Subscribe to reador

The unforeseen death of a business owner without a clear succession plan can plunge a company into chaos, particularly in privately held firms. Leadership voids, financial instability, and legal disputes...Read more

Paul Russo

President, George A Mitchell Co, USA

Mental Health and Lawyers: An Unspoken Crisis or An Opportunity For Change?

The legal profession, by its nature, is one that is known for its high stress, long hours, and intense competition. These factors often contribute to a higher prevalence of mental...Read more

Jeffery Tan

Group General Counsel & Chief Sustainability Officer, Jardine Cycle & Carriage Limited, Singapore

The future challenges of the legal department: what will general counsel become?

I think the future poses several challenges for in-house legal management, including navigating complex regulatory landscapes, addressing cybersecurity and data privacy concerns, managing global operations and compliance, adapting to evolving...Read more

How Legal Departments can Strategically Contribute to Corporate Success

Abstract

Related Papers