Risky Business - A Guide for In-House Counsel

Introduction

After years of analysing every possible scenario and outcome, many lawyers become risk averse.

This course is designed specifically for in-house lawyers and will consider how your role and advice on legal risk can be effectively integrated into business risk decisions.

With practical exercises, the course will provide you with a route to focusing on the risks which really matter to the business as a whole leading to a sense of achievement and real contribution.

What You Will Learn

This course will cover the following:

• Managing Legal Risk - The Big Picture
• What distinguishes legal risk from other types of risk
• Who should take the lead in managing it?
• Who needs to play a part?
• How it fits with reputation
• Ensuring Business Engagement
• At a senior level
• Promoting a clear strategy
• Collaborative development and implementation of processes with senior managers
• Recognising what engagement entails
• At the individual client level
• Building relationships
• Resisting abdication and confiscation
• Regulatory Legal Risk
• Identifying regulations impacting on your organisation
• Bringing home the consequences of contravention
• Contributing to sustainable compliance
• Highlighting opportunities which may come with the burden
• The upsides of influencing prospective regulation
• Relationships - Commitments & Exposure
• The big picture
• Early warning of issues in selected scenarios
• Culture and risk appetite
• Diverging attitudes to risk
• Plotting risk according to impact and probability
• Initiatives to Facilitate Business
• Developing your business acumen
• Promoting risk: reward decisions at the right level
• Improving legal awareness
• Introducing managed self-help / service
• Contributing to streamlined processes