CEO Law

Our most recent poll has closed. And it’s time to reveal the results. The question was: In-house counsel are taking on more responsibilities outside of legal. What percentage of in-house lawyers are taking on compliance? The image shows the guesses. And the myth busting answer…. 🥁 🥁 🥁 (emoji drumroll!) is… 47% of in-house lawyers are taking on compliance. Most of our respondents got that right! #ceolaw #legalmythbusting #compliance #inhouselegal

Data is a hot commodity and it’s only going to become even more so. There is a lot of talk about security and data privacy and from a governance and compliance perspective, it’s crucial. Today though, let’s talk about another aspect of data… One of the big issues businesses are grappling with is how to process all of this data and extract actionable insights. How do they make the data work for them. General counsel are being asking to participate more in strategic business meetings and decisions, and data analysis is an area the GCs can add a lot of value. Their skillset, knowldge of the company and their role as a protector for the business make them a great candidate to comb through the data and make informed, strategic decisions. As GCs transition more into strategic roles that support the objectives of the business, fractional legal support can help keep the traditional aspects of in-house legal running smoothly. The role of GCs is something we expect to continue to evolve and shift, and we are here for it. #fractionallaw #generalcounsel #ceolaw

Let us know! And we would appreciate if you share! We want to hear what everyone thinks! #inhouselegal #compliance #ceolaw #whatdoyouthink

While looking for some interesting “on this day” in legal history, I found 2 other interesting tidbits. On this day in 1941 the Disney movie Dumbo premiered! On this day in 1945 the United Nations was established to maintain world peace and friendly relations among nations. Pretty good day back in the 40s. #ceolaw #onthisday #unitednations

Thoughts? We welcome comments. “Privacy Commissioner urges stronger privacy protections amid concerns over federal data tool” Link to article in comments.

Sharing this fun highlight reel. Always a great time at Counselwell

Wanted to take a minute to share this again. Lydia’s Lawyer spotlight is a great way to learn more about her and how she can help your company! #businesslaw #realsestatelaw #ceolaw #fractionallawyer

What is the Opportunity Cost of Insourcing High Volume Document Review? Lower quality, less efficiency and longer turn around times are common when handling high volume contract review manually in-house. Costs associated with recruiting and retaining full-time in-house resources rise. as employees are less likely to be satisfied and more likely to leave, if they aren't working on high value work. Cost of sourcing software, training employees, maintaining security of software, dealing with employee support requests, like forgotten passwords and ensuring licensing compliance, can add up. External technology-enabled resources are typically more efficient and cost effective when weighed against opportunity costs. #contractreview #legaltech #ceolaw

We would love to hear how your short week is going to look. #shortweek #productivity #catchup