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.
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