Boards increasingly expect their GC to shape strategy, not just manage risk. What that shift demands of legal leaders. In this article we look at the background, the key issues and what readers should do next.
The background
To understand why this matters now, it helps to look at how the position developed. For years the rules in this area were settled, and most practitioners could advise clients with confidence. That changed as courts, regulators and clients began asking harder questions, and as new technology and business models exposed gaps that the old approach never anticipated.
The result is a period of uncertainty. Different courts have reached different conclusions on similar facts, guidance has been issued piecemeal, and the practical burden has fallen on the people and businesses who have to make decisions before the law is fully settled. For readers, the most important point is that the outcome in any individual case will depend heavily on its facts.
The changing role of in-house teams
In-house lawyers are expected to do more than manage legal risk. Boards want them to shape strategy, anticipate regulation and explain complex issues in business terms.
That shift requires new skills, from data and technology to budgeting and stakeholder management, and it changes how teams work with outside counsel.
Clients do not want a lecture on the law. They want to know what it means for them and what to do next.
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Where to start
Heads of legal who have made the transition recommend a few practical first steps.
- Map the legal work the business actually generates
- Agree priorities and service levels with business leaders
- Standardise templates and approval routes for routine work
- Measure and report on value, not just cost
Common questions
Does this apply everywhere? No. The rules differ between jurisdictions, and local procedure can change the practical outcome even where the principles are similar.
When should someone get advice? As early as possible. Deadlines in legal matters can be short, and early advice usually costs less than fixing problems later.
What happens next
Expect further guidance, test cases and commentary over the coming months. Criminal Minds Cast will keep following the story and update this article as the position develops.
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