The CFO has undergone a much need transformation in recent years - and now it's time for General Counsel to take the spotlight and show just how much a legal department can do for a business.
Today's General Counsel share many characteristics of Frank L. Baum’s fabled Wizard Wizard of Oz - in that they have an air of mystery (as to how they and their teams work) and other worldliness (approach and communication style).
We're championing a re-envisioned GC in 2022. It's a role that is regularly undervalued, misunderstood and its effectiveness diluted. With ever more laws and regulation and unprecedented challenges such as Covid-19 and Brexit, the businesses that utilise legal in the best way will not only cope with such risks and pressures, but will excel and gain competitive advantage.
Is your team set up to deliver value? A study by EY and the Harvard Law Center for the Legal Profession published in August 2021 highlighted CEO priorities and four key areas where they were affecting GCs: