In today’s rapidly evolving business landscape, the role of in-house lawyers is expanding. Legal leaders are expected to play a central role in shaping business strategy, especially when it comes to managing risk. With increasing regulatory demands, technological disruption, and heightened scrutiny around environmental, social, and governance (ESG) issues, the ability to navigate risk effectively has become a defining skill for legal professionals.

At a glance

• Shift from risk avoidance to risk engagement: Effective general counsel take an active role in understanding and managing risks rather than avoiding them.
• Educate in ethical practices: Establishing a culture of ethical behaviour can prevent unnecessary risks.
• Understand risk appetite and business goals: Aligning legal strategy with the organisation’s risk tolerance and objectives is essential.
• Think holistically about risk: Proactive risk management involves multidisciplinary planning and creativity.
• Leverage external expertise and tools: Engage outside counsel and invest in technology to support proactive risk management.