Moving On Up The Value Chain: Here Is What Legal Can Do
Law360, New York (April 16, 2015, 5:22 PM EDT) -- In-house legal departments are being asked to manage ever-increasing risk and compliance challenges, as well as increasing litigation costs as cases and claims increase. At the same time, these legal departments are facing pressures to lower overall legal spending and to evolve from a company cost center into a strategic business partner, driving real value to the organization.
In fact, according to a 2014 New York Stock Exchange Governance Services report, "Three-quarters of directors agree the [general counsel's] capacity for business judgment adds value to the board, and nearly as many (71 percent) say GCs add value to the management team...
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