The Risk Survey - The In-house Lawyer and DAC Beachcroft
Contributors
DAC Beachcroft and The In-House Lawyer recently conducted a survey to assess the role and influence of the in-house lawyer in managing risk. Is the role that of ringmaster – right at the heart of the matter – or more a side-line prompt? Essentially does the legal department have the necessary influence, associations, and information to fulfil the role of business adviser effectively? A picture emerges of the in-house lawyer as a key player in risk management and important contributors to the risk process, albeit that they own few risks.
A pivotal role requires strong relationships across the business. Respondents reported good levels of exchange with the traditional functions of chief operating officer, finance and HR. There was room for greater levels of engagement with other areas, particularly IT and procurement.
