The risk challenge for GCs - more than a code of conduct and PowerPoint required
A compliance officer friend of mine recently said: "Too many lawyers think compliance involves a code of conduct and a PowerPoint". Interestingly, some of the legal service innovators have seen this point and started to build it into their approaches...
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.”
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