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
Statutory Registration of Standard Terms and Conditions in Tanzania
All companies doing business in Tanzania should know the salient points of the Standard Form (Consumer Contracts) Regulations 2014 which takes effect on 29 December 2015.
Tanzania Bill Establishing the Petroleum Act 2015
Tanzania's proposed Petroleum Act 2015 introduces key changes to the Petroleum Exploration and Production Act 1980 and the Petroleum Act 2008.
Clasis Law (India) Newsletter August 2015
Analysis of the revocation of a company's drug patent and other key court rulings and updates on corporate and commercial matters
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.
Tanzania: Prospecting for and mining of radioactive minerals
New uranium mining projects have recently been announced in Tanzania. This briefing looks at the legislative framework surrounding radioactive minerals in Tanzania.
Related Articles
Adding value to M&A deals
A lively panel of general counsel discussed the issue at the IBA’s M&A conference in Hong Kong.
Benchmarking the in-house team’s evolution
Lawyers are increasingly expected to be much more actively involved in risk management, technology, strategy and project management.
Berwin Leighton Paisner and Bryan Cave in talks to merge
The two firms have confirmed they are in discussions about combining to create a new, fully integrated, global law firm ...
Related Articles by Jurisdiction
Latest Articles
UAE VAT Executive Regulation Update: Free Zone Guidance
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law ...
Canada: Intellectual Property Bulletin
The New Patented Medicines (Notice of Compliance) Regulations and Certificate of Supplementary Protection Regulations ...
Asset searches in the digital age
Social media and other technology are changing the way asset searches are conducted in a dispute ...