Talent and career management is the most important issue facing in-house legal teams as they strive to meet the challenges of an increasing compliance burden while being asked to do more with less.

This finding forms part of the insights gleaned from 14 In-House Congress events held between March 2016 and April 2017, and published in The In-House Community White Paper 2017: The Six Biggest Challenges Facing In-House Counsel Teams — and the Relationship Between In-House Counsel and External Counsel.

What_matters_workshopThe In-House Community polled delegates attending its events, asking for their views on a range of issues, including the biggest challenges they face in their jobs and the relationship between external and internal lawyers.

Overwhelmingly, respondents said that structuring and motivating their teams was their biggest challenge, followed by managing cost and evaluating value-add.

Such issues are an inevitable consequence of the growing workload that in-house teams are facing. Expansion into new markets and segments, more complex regulation and stricter enforcement, and the growth of new technologies are all creating challenges for legal teams, as reflected in the survey. Despite this increasing pressure, only a quarter of teams are adding headcount to cope.

At the same time, external legal spend is also coming under greater scrutiny, leading respondents to cite certainty of costs as one of their top priorities from outside law firms. While in-house teams certainly continue to rely on external lawyers, close to half said they were using them less and more than two-thirds are looking at alternative legal providers as a way to stretch their limited budgets further.

However, cost is not everything. It should come as no surprise that more than 90% of respondents say that industry knowledge and responsiveness are their top priorities — lawyers who pick up the phone and know what they’re talking about are still valued.

White_paper_2017The report represents the most comprehensive survey of the in-house community in Asia and the Middle East yet undertaken in this field, with a full breakdown of responses across each jurisdiction where the In-House Congress events were held, including an analysis of the proportion of men and women attending each event, which provides a revealing insight into how the gender gap varies across the region.

The 14 jurisdictions were Abu Dhabi, Bangkok, Beijing, Dubai (and the Middle East), Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Shanghai, Shenzhen and Singapore.

To order your copy simply complete the online order form here.

[sharethis]
Tags: Spend Management, Talent Management, White Paper
Related Articles by Firm
Oil price volatility - global employment issues
Amidst the oil & gas layoffs, the industry has to ensure that it has the manpower skills in place to respond to demand when oil prices recover.
The Singapore approach to scrutiny of arbitral awards
International arbitration must, out of necessity, rely on the courts to uphold and enforce arbitral awards and to support the arbitral process...
The new CIETAC Arbitration Rules 2015
The New Rules adopt both best practices and the latest developments in international commercial arbitration and accommodate the increasing needs of the parties arbitrating at CIETAC.
Related Articles
Machine-learning in the legal department
JP Morgan has introduced machine-learning software that it claims will replace 360,000 hours a year of mundane contract-review work.
Obituary: Kirtee Kapoor
Sad passing of Davis Polk partner and friend of the In-House Community ...
Related Articles by Jurisdiction
Latest Articles
Be VAT ready - Tax Procedures Law is already here
Under the VAT regime, businesses will be collecting taxes on behalf of the government and will file tax returns accordingly ...
New Provisions to support the use of Renewable Energy for Electricity Generation
Despite the primary role that coal and gas continue to play in meeting Indonesia’s electricity needs, the Government of Indonesia (“GoI”) seems to be demonstrating a commitment to promote renewable energies ...
Procedure for Patent Registration in Cambodia
The law on the Patents, Utility Model Certificates and Industrial Designs (Patent Law) of Cambodia was enacted in January 2003. More than a decade later, the patent granting system in Cambodia still faces both technical and human resource challenges...