Difficult decisions are being made every day by legal departments and their executives, who continue to face the many legal and business challenges associated with the ongoing pandemic, global crises, and economic challenges and uncertainties. These challenges range beyond legal strategy, to include business operations, data privacy, regulatory compliance, and even cybersecurity response. To make the best possible decisions, chief legal officers and general counsel must understand not only their business’s needs, but also how larger trends are shaping CLOs’ and GCs’ roles and responsibilities across the US and the world.
The Association of Corporate Counsel (ACC) recently released the results of the 2023 Chief Legal Officers Survey, which surveys ACC members worldwide who are the highest-ranked legal officers in their respective legal departments, including GCs, chief legal officers, executive vice presidents, and other job titles. In its 24th consecutive year, the ACC CLO Survey is the largest international survey of CLOs. The results of this year’s survey reveal CLOs’ preoccupation with several related themes, including compliance and data privacy, legal operations, and the increasing use of technology to address risk, efficiency, and cost concerns.