Published: 08 January 2024
Legal, regulatory and political uncertainty have made legal guidance critical for risk management and growth. This resource gives legal leaders insight on how to provide risk-aligned guidance that supports the risk taking needed for success.
Business partners increasingly request guidance from legal. In fact, 62% of lawyers have experienced increases in the volume of legal guidance requests from 2020 to 2022.
Understanding the organizational risk posture and having subject matter expertise are the two most critical components in creating guidance that improves business performance.
Incorporating these two main components requires the cultivation of a transferable set of practical knowledge and skills that enable lawyers to provide risk-aligned guidance in the legal function.
To create guidance that improves business performance, legal leaders should:
Clarify the organization’s risk-taking needs by enabling lawyers to escalate new-in-kind
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Analysts:
Ethan Trucker
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