Working with a law firm often delivers a level of agility that may be difficult achieve solely in-house, particularly for smaller teams.
External advisors play a key role in helping in-house teams to 'fill in the gaps', such as providing visibility of how other companies in the same industry are navigating and reacting to regulatory changes.
The outside perspective is especially valuable as a source of useful challenges to proposals. Law firms usually have better visibility of the industry and work in a wider context than in-house teams.
But when it comes to choosing a law firm to partner with, hard skills are not the only consideration. Taking the time to fully understand the industry in which the client operates, communicating in an agile and fluid way, and being closely aligned with the company’s values all came up as important criteria.
Our rankings play a role too, helping in-house professionals like Macarena Vargas Losada (Legal Vice President, Codelco) justify her choice of law firm to the executive board.
