For general counsel looking to become more valuable to senior business leaders, one crucial skill set is the ability to identify future legal and regulatory risks to the business, according to a new study by the consultancy KPMG.

In a new quantitative and qualitative report, “Beyond the Law,” KPMG gauges survey responses from 320 general counsel in 32 countries, as well as in-depth interviews with 16 GCs at multinational corporations. The findings point to increased integration between law departments and the businesses they represent. But it also points out several ways that general counsel can improve their contributions to the business side.