Got a growing in-house team? How do you ensure it is effective and relevant?
April 10, 2017
Love this article by Janvi Patel. The growth of the in-house legal team is undeniable but Janvi poses the questions – What Now? How does a GC ensure that growth is aligned with the business Vision and Objectives, motivate a developing team and ensure that growth is both effective and efficient. In-sourcing is one answer to the ‘More for Less’ conundrum but a holistic and strategic response will yield greater returns.
Current estimates show that there were over 25,000 solicitors working as part of an in-house team in 2014 and according to the Law Society Report – Future of Law 2016, growth is set to continue, with an estimated 32% of solicitors working in-house by 2020. What does this mean for the future of in-house legal teams?
I recently met a GC who said that she needs to reduce legal spend and the only way she can do that is by reducing her external spend, i.e. outsourcing less to firms and growing her in-house team. However, cost cannot be the only or even the main driving force for change or for legal transformation. Most business leaders and GCs, especially those of large in-house teams, are fully aware that continuing to insource is not sustainable….
http://www.halebury.com/latest-blogs/the-rise-of-in-house-teams-..
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