The role of in-house legal teams has evolved from traditional “gatekeeping” to becoming strategic business partners. This shift emphasizes the need for meaningful conversations around risk, as risk management is no longer about simply avoiding it but about enabling the business to make informed, strategic decisions. By adopting a Trusted Advisor mindset, legal teams can build credibility and trust with business teams, fostering a collaborative approach to navigating risk. In this session we will explore:
- the prerequisites for fruitful risk discussions
- the relationship between risk-taking and innovation
- how legal teams can go beyond gatekeeping to actively partner in analysing, managing, and monitoring risks
- the importance of co-accountability, transparency, and supporting business teams in weighing legal risks against business value to drive smarter decisions
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