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More responsibilities, less budget, and learning to juggle the two
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...
Top tips for securing the legal budget your team needs
Convincing business leaders to approve proposed budgets for legal departments can be one of the harder tasks of a GC. LACCA’s legal spend survey shows that while most GCs are happy with the budget they receive, there is still room for improvement. The region’s in-house community shares their tried-and-tested methods for securing the budgets they...
The art of negotiation: finding the middle ground for law firm fees
LACCA’s latest research into in-house teams’ legal spend shows companies prefer not to pay firms by the hour, but still have to use this fee structure for a significant proportion of the work they hire external counsel for. Against a backdrop of heightened widespread financial uncertainty, how can in-house teams negotiate the best deal with law ...
Why are companies sidelining cybersecurity?
LACCA’s legal spend survey found a large discrepancy between what in-house departments spend on technology and the amount they dedicate to cybersecurity. As companies strive to keep their businesses fully operational during the covid-19 pandemic, investing in cybersecurity is not high up o...
Who are Latin America’s most recommended private practice lawyers?
LACCA has published its latest Approved list, a directory of the region’s most popular private practice lawyers, as voted for by our Latin American in-house counsel community.
Greater banking digitalisation a top priority, says Sabadell legal director
The covid-19 crisis has accelerated the need for more digitalisation in the banking sector, says Luis Alberto Cárdenas Díaz, the director of legal business for Banco Sabadell in Mexico, as well as for more efficient use of legal resources both in-house and by outside counsel. These are now immediate priorities for the banking sector, he says.
New regulations in Mexico shine spotlight on employee well-being
The clock is ticking for Mexican companies to comply with new regulations designed to improve the mental welfare of employees. Ahead of the deadline to comply in October, companies that might have pushed aside the new requirements to focus on covid-19 health and safety regulations must now catch up or risk potentially hefty fines.
Updated: LACCA and Latin Lawyer's covid-19 information hub
In response to the unprecedented impact of covid-19, LACCA and Latin Lawyer have launched a free-to-view and regularly updated information hub. Read about legislation and official communic...
Reach for the KPIs: how do legal teams measure performance?
Latin American legal teams have traditionally shunned key performance indicators (KPIs), often leaving them to professions that more easily lend themselves to quantitative criteria, such as sales roles. But times are changing, and in-house counsel are finding real value in using qualitative KPIs as management tools to improve efficiency. Decidin...
Exploring the minimum wage across Latin America
Most countries have a national minimum wage in some form. For legal teams at both local businesses and multinational corporations across several jurisdictions, keeping up with minimum wage requirements can be tricky. In this article, LACCA turns to member firms of Ius Laboris, the world’s largest HR and employment law firm alliance, to provide a...
Why are distressed LatAm companies seeking US insolvency protection?
As companies continue to be pinched by pressures brought about by the covid-19 crisis, María Luisa Cánovas and Dan Moss explain why US insolvency protection can offer struggling Latin American corporations a lifeline.
Movers & shakers – 25 August
This August edition of movers & shakers sees changes in the insurance, pharmaceutical and construction sectors across Latin America.
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