For in-house lawyers: What is legal risk? How do you manage it in practice? What processes do you use? What’s your approach to compliance? What’s your/your business’s risk appetite? What are your/your business’s ethical challenges? What are your red-lines? This study “Legal Risk: Management and Ethics” produced by UCL is based on a review of relevant literature and interviews with 34 senior in-house lawyers and senior compliance staff in large corporates and similarly complex organisations. A report that every GC should read.
The authors believe their work is timely given that risk generally, and 'conduct risk in particular, is high on corporate agendas', and that 'in-house lawyers face greater likelihood of scrutiny and punishment' following the experiences of a number of high profile companies who have had to deal with allegations of wrongdoing involving their legal function