Recent sector research has found that the biggest challenge facing in-house legal teams is managing risk whilst prioritising large volumes of work. It is important to note that this was a global survey formed of 169 legal, risk and compliance professionals. Over 20% are UK based.
Of those who responded to the survey over two-thirds of in-house lawyers said that ensuring risk was managed appropriately is currently the leading strategic challenge. This was closely followed by prioritising large volumes of work. The biggest management challenge was providing career development and training opportunities whilst managing workloads so that work goes to the correct teams.
What is causing large volumes of work?
The founder of LOD (a freelance lawyer service) said that the increasing workload is coming from legal budgets being tightened and an ever-evolving regulatory environment. This is resulting in greater work pressure being put on in-house lawyers.
More from our legal sector experts
You can find all of our latest legal sector news and newsletters here.
If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.
Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.
The Ministry of Justice is set to expand the fixed recoverable costs regime on 1st October. However, the expansion of the regime has prompted the Bar Council to challenge the Ministry of Justice over the regime who are currently preparing a letter of legal challenge....
The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. According to its latest annual report the SRA spent £16.5m on disciplinary processes in 2021/22, a £1.5m increase from 2019/20 (pre-covid). It should be noted that the SRA financial...
In the digital age, fraud is showing no sign of slowing and is becoming an ever-present threat across all industries and sectors, in particular law firms that handle highly sensitive information on a daily basis. During these times, cybercriminal activity is becoming...