How Can One General Counsel Add Value, Closely Control Costs and Manage Global Risk?
LONDON, August 29, 2013 /PRNewswire/ --
Industry report reveals top challenges and investment priorities for legal decision makers
Ahead of the 9th Corporate Counsel Exchange, senior legal executives including those from Deutsche Bahn AG, Eaton, Coca-Cola Enterprises and Covidien have taken part in an interview series exploring the changing role of the General Counsel. The interviews assess what strategies, processes and tools legal directors are implementing to drive efficiencies in their organisations, as well as the top challenges facing legal leaders in 2013 and beyond. The full report can be accessed in eBook format at: http://bit.ly/17onJfe.
As part of the report, 60 Group and European General Counsel, Chief Legal Officers, Heads and VPs of Legal from global corporations were surveyed to identify which solutions and services legal leaders plan to invest in over the next 12-18 months. The top investment priority for surveyed General Counsel, chosen by 73% of respondents, was revealed to be antitrust/competition law firms.
In his interview with the Corporate Counsel Exchange, Christopher Rother, Head of the Competition and Anti-trust law department at Deutsche Bahn AG, shared his recent success story in this area. Rother's department won the European Counsel Award as Competition Team 2013. According to Rother, they achieved this through taking a proactive, systematic approach to private enforcement of anti-trust claims. He convinced the finance team and the Board to back a new business model, which turned the Anti-trust department into a profit centre after only 12 months. The full interview with Christopher Rother can be accessed in the complimentary eBook: http://bit.ly/17onJfe.
The report revealed that contract and document management also top the table of priorities for General Counsel, with 64% of participants selecting it as a key area for investment in the next 12 - 18 months. General Counsel are prioritising these challenges in order to drive departmental efficiencies and cost savings, whilst managing legal and compliance risks in a global marketplace.
According to Dr. Susanne Marston, VP & General Counsel EMEA at Eaton, driving legal department efficiencies relies on identifying areas where high qualified, well paid attorneys should not be spending their time and finding alternative ways to handle this work, such as delegation to paralegals and streamlining processes through automation, Legal Process Outsourcing or offshoring. The complete interview can be accessed in the eBook: http://bit.ly/17onJfe.
For more information about the 9th Corporate Counsel Exchange, taking place 23rd - 25th October 2013, Noordweijk, The netherlands, including the industry leading speakers and latest agenda, please visit: http://www.corporatecounselexchange.co.uk/PR or email firstname.lastname@example.org
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SOURCE Corporate Counsel Exchange