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 articles 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.
Simon Bladen
Partner
Related News
Sir Geoffrey Vos believes AI will change principles and practices of common law
Artificial intelligence (AI) is poised to revolutionise the practice of law, potentially reshaping the principles of common law, according to Sir Geoffrey Vos, the Master of the Rolls. Speaking at the Manchester Law Society, Sir Geoffrey offered an optimistic view of...
Top Law Firm Accounting Tips
Accounting is a fundamental pillar of measuring a successful law firm. Law firms, have unique financial considerations that require careful attention to ensure compliance with regulations and business performance. From managing client funds to handling operational...
Is succession in law firms still a very real problem?
Succession in law firms is very real problem in the UK The age profile of the legal sector is increasing. The huge wave of legal practitioners who entered the market 30 or 40 years ago are today of an age when they begin to contemplate phasing down or retiring...