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Industry Report Reveals Top 6 Priorities for General Counsel and Chief Compliance Officers

LONDON, January 23, 2013 /PRNewswire/ --

  • 76% select improving legal spend management and department management as top priorities for 2013
  • Over 50% plan to utilise technologies to increase department efficiencies and spend transparency, including contract management, eBilling and eLearning
  • Compliance comes next as 60% of respondents are reviewing and upgrading their compliance programmes

Ahead of the 8th Corporate Counsel & Corporate Compliance Exchange, the Legal Exchange Network has conducted research among its network of General Counsel and Chief Compliance Officers to discover the current top challenges and priorities for legal and compliance leaders. The full report can be accessed at: http://bit.ly/XxmdR0.

The research reveals that General Counsel and Chief Compliance Officers are continuing to concentrate on increasing department efficiencies & improving cost management. The need to 'do more with less' is still the top priority for the vast majority of the legal and compliance leaders surveyed.  

Instilling a compliance culture across the organisation was recognised as the second top priority, with 79% of General Counsel and Chief Compliance Officer respondents selecting compliance as a current key focus. In a recent interview between the Legal Exchange Network and Nina Kiviranta (Head of Corporate Legal and Chief Compliance Officer at Nokia Siemens Networks and a speaker from the April Corporate Counsel Exchange meeting), Nina explained how she ensures that ethics and compliance policies are adhered to across her organisation. The full interview has been made available here: http://bit.ly/XX0h4l.

Other key findings from the Legal Exchange Network industry report include the focus on litigation cost & management, selected by 74% of respondents, whilst 56% chose recruitment, retention & training as a key priority. M&A opportunities, joint-ventures and organisational re-structuring also featured high up the list of current priorities. The complimentary industry report can be read in full at: http://bit.ly/XxmdR0.

For more information about the 8th Corporate Counsel & Corporate Compliance Exchange, taking place 22nd - 24th April 2013, London, including the industry leading speakers and latest agenda, please visit: http://www.corporatecounselexchange.co.uk/PR or email [email protected]

If you are a General Counsel, Chief Compliance Officer or offer a service you feel would add value for legal and compliance leaders, request your invitation today online here: http://bit.ly/WsqFST or email: [email protected]  

For more information on solution provider opportunities contact: Beata Majcher, [email protected], +44(0)207-368-9417

SOURCE Legal Exchange Network

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