On March 16, 2023, LawWiser launched its report ‘The GC Insider’ in the presence of eminent General Counsel and law firm founders followed by an engaging panel discussion on GC-law firm collaboration titled – Finding the Right Fit: Matching Law Firm Expertise with Business Needs.
This report explores for the first time how the relationship between in-house counsel and their legal advisors has changed drastically in India, creating a need to re-evaluate the parameters of a successful engagement.
While there is no dearth of talent and experience on the law firm side, there are certain areas like quality, responsiveness, and commercial awareness where GCs as clients have different expectations. The GC Insider report has investigated and analyzed this gap. Readers can expect to find actionable insights for optimizing collaboration between internal and external legal teams for business success.
Launching the report, Aman Abbas, Founder & CEO, LawWiser said, “General Counsel are now business enablers and have a strategic role to play in their organizations. The GC Insider Report by LawWiser examines the latest parameters GCs use to assess and engage a law firm. It reveals interesting insights on parameters such as Firm size v/s experience, quality and pricing, issues such as ESG and DEI which law firms can use to assess client needs and engage with them effectively.”
Appreciating LawWiser for its efforts towards the GC community, Dr. Sanjeev Gemawat, Group General Counsel, Vedanta said that this report in a way acknowledges the in-house discipline and recognizes GCs as strategic thinkers. He said, “Majority of the time, the strategy of litigation and even non-litigation work is getting devised at the GC’s office and then being shared with law firms for advice. In this construct, lawyers need to understand the GC’s business requirements and legal interpretation and come up with a solution. Effective delivery is the key, all other factors are peripheral.”
Some key findings of the report are as follows: –
The launch event was supported by IndusLaw, Athena Legal and Phoenix Legal.
The GC Insider will be an annual report released by LawWiser with participation from a large and diverse base of General Counsels. It is now available for download on LawWiser.com.
Download the report here – https://lawwiser.com/reports/