Adding on value
The contracting function is an opportunity for in-house departments to exhibit leadership in providing value-added service for clients.
In recent years there has been a lot of discussion and analysis concerning the ‘value-added role’ of in-house counsel. Much attention has been paid to the obvious areas where in-house counsel would have such an impact – effectively co-ordinating major deals and transactions, providing solid stewardship for the company’s key intellectual assets, managing bet-the-company litigation and navigating the company through the encroaching shoals of corporate governance and compliance. More routine, day-to-day legal functions have inevitably been pushed to the back burner. Contracting is one such area.
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