Legal projects, whether transactions, lawsuits or investigations, continue to grow in size and complexity. Meanwhile, project teams are spread further across multiple organizations, business functions, geographies and time zones. Notwithstanding this complexity, client demands for more speed and costefficiency intensify and general counsel, as part of the Csuite, are expected to contribute to company initiatives for continuous improvement and to manage budgets just like all the other business functions. Yet consistently fulfilling these expectations has proven to be elusive for the legal profession.
Excerpted from Bloomberg BNA Corporate Law Resource Center. Read the full article.