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In today’s world, general counsel face an ever-increasing demand to manage exponentially more risks, involving greater complexity, in much shorter time frames and with more potential impact on business performance. As expectations upon them evolve, law firm networks are assisting GCs in making their organisations more agile and effective.
Even before the COVID-19 pandemic impacted corporations the world over, general counsel were finding their roles becoming increasingly challenging, moving from simply providing legal advice to making strategic decisions and helping to manage risk. “To say their plates are full right now is an understatement,” says Christian Traichel, a partner at Taylor Wessing in Germany and president of World Law Group (WLG). Law firm networks such as WLG are beginning to realise this, and as a result, rolling out tools and initiatives to help general counsel in making their organisations more agile and effective. Traichel talks about a few ....