They must be:
- agile, proactive, commercial, pragmatic
- driving revenue- Identifying and mitigating risk- Managing complex regulatory environments
- demonstrating a significant return on the investment the business makes in the legal function
- strategic partners contributing directly to the business’ success
In-house legal teams need to:
- have a deep understanding of the business environment they are working in
- provide real-time insights into and solutions to deal with risk, compliance, and governance
- understand legal operations and deliver an exceptional legal function - resource, processes and templates, efficiency and technology
This shift in expectations means in-house lawyers must be multi-dimensional -balancing legal expertise with business acumen, leadership, and relationship building.