- Dan – We kicked off our Fall series of the Risk Roundtable at the Foley offices in Chicago. We discussed legal trends in the US, UK, and Canada, spending a good portion of our time on recent decisions regarding disqualification motions.
- Outside counsel guidelines continue to be a growing source of work for risk teams - federal government agencies seem to be creating requirements that are much more aggressive than those from the private sector. "Outside counsel management" has become a cottage industry for consulting firms. [Ed: See our upcoming webinar on this topic.]
- Foley shared with the group their approach for centralizing regulatory compliance. Many issues - ranging from unauthorized practice to lobbyist activity reporting to ITAR - fall within the scope of their Loss Prevention department. Kirkland & Ellis mentioned that they have a similar structure. It enables them to consistently apply appropriate controls and frees up lawyers to focus on billable work.
- It was a productive forum for risk professionals to ask their peers how they approach different issues, like balancing knowledge sharing and security or ensuring compliance with outside counsel guidelines. A good session with lots of food for thought.
Friday, October 14, 2011
Yesterday we held, a Risk Roundtable session in Chicago. Many thanks to Foley & Lardner for hosting. Brian Lynch delivered a presentation updating attendees on current risk issues and trends, and moderated group discussion. He sent his customary summary of the wide ranging group discussion:
Posted by Dan Bressler at 7:09 AM