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Leading Legal Department Trends for 2024
The ripple effects of technological advancement are spreading farther and faster every day. Legal professionals are feeling the pressure acutely, particularly in the way that data risk and artificial intelligence (AI) are impacting the role of general counsel and their teams.
Recent research based on interviews with chief legal officers around the globe, as reported in The General Counsel Report 2024, found that the increased scope and scale of risk now facing corporations is driving change in how legal teams set their strategies, leverage technology and manage operations. Notably, 87% of participants expect risk to increase in the coming year — with regulatory and global compliance challenges emerging as the number one issue for the first time in the five-year history of the report. In parallel, feelings of preparedness declined in every risk category studied.
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