Doing more with less is a tough challenge. LACCA’s latest legal spend survey found most in-house teams have reduced their legal budget in the last year, a period when workloads have increased and the complexity of legal issues facing companies has deepened as a result of the covid-19 pandemic. Balancing less budget with more responsibilities has led GCs across the region to find windows of opportunity in unlikely places.
Some legal counsel eye up the c-suite of their company wondering if they have what it takes to join them. But the prospect of moving to such an influential management role can be daunting. Lawyers have many of the skills required to be an excellent business leader, so what’s holding them back?
External counsel are a much-needed lifeboat many companies depend on even when a global crisis is not ensuing. A recent poll by LACCA highlights what legal teams are looking for when choosing their external counsel in a pandemic. The results indicate GCs are weighing up proactivity, different perspectives and whether a firm can read the room before they decide who to hire.
Nominate your favourite in-house lawyers and legal departments for LACCA’s 7th annual awards before 7 August.