Are we valuable?
Produced in partnership with Paul Gilbert and Lawrence Smith of LBC Wise Counsel
Are we valuable?

The following In-House Advisor guidance note Produced in partnership with Paul Gilbert and Lawrence Smith of LBC Wise Counsel provides comprehensive and up to date legal information covering:

  • Are we valuable?

We have long stated the view that an outstanding in-house team has four characteristics: in effect, its 'signature profile'. These characteristics are:

  1. meeting known legal need—doing the day job well

  2. identifying unmet legal need—keeping across all that the business does, confident of priorities

  3. managing the legal risk environment—what is to come, balancing tolerance to risk, reputation and compliance

  4. transferring know-how to non-lawyer colleagues—fundamentally the best way to manage a scarce resource

Finding the means to state this clearly and effectively is at the heart of defining the team’s role and co

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