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Why In-House Lawyers Should Implement a Legal Risk Framework

October 2024ManagementConsultant

Abstract

As an in-house lawyer, managing legal risks is a critical part of your role. A Legal Risk Framework, used as a critical business document, enables you to speak to the Senior Leadership in their language. This makes your job and that of your team easier and more effective, focusing minds on managing and mitigating those risks that really matter to your specific business and giving metrics to enable communication on the subject of legal risk, in a measured and meaningful way. Your clients within the business may well think one-dimensionally about legal risk as the risk of litigation, but a robust Legal Risk Framework can help them see that legal risk is more far-reaching than that and can have consequences across each seat of the Senior Leadership Team.

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Author

Sarah Clark

Chief People and Transformation Officer, The Legal Director, UK

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