The idea of legal risk continues to influence the thoughts of in-house lawyers and compliance teams, yet, as recent research by Berwin Leighton Paisner (BLP) emphasises, “little seems to have been done in any sector to clarify what is meant by “legal risk”, or to support organisations to manage it.”
It’s a small survey but very interesting, mainly because it suggests that, “legal risk is poorly understood outside the Office of the General Counsel” and more particularly because, “respondents lack confidence in the organisation’s ability to manage emerging and business-as-usual legal risks.”
