Bret Baccus, senior director, Huron Legal; A. Verona Dorch, vice president, deputy general counsel, Harsco Corporation; Carol Newman, general counsel, State Compensation Insurance Fund
Managing legal risk for your company depends on a thorough understanding of risk, how to manage it, how to communicate it effectively and how to use it to set priorities for the department, including staffing and hiring. Some risks, such as financial risk, can be evaluated in numerical terms. Others, such as adverse publicity, can only be evaluated in subjective ways. Discover legal risk and how to evaluate it within your organization. Learn how it can be managed by creating role clarity for the current law department while also considering potential future expansion; developing a categorization system to determine the highest value work to drive prioritization of resource/time allocation; and develop workflow processes to direct work to the most appropriate resources to ensure timely and accurate response by the level of personnel required.