FTI Consulting's Report Shows Drop in Legal Departments' Risk Preparedness

In the ever-evolving landscape of corporate risk and dispute resolution, a new report has shed light on the readiness of global corporate legal departments to face emerging challenges. FTI Consulting, Inc. FCN and the global legal technology firm Relativity have released The General Counsel Report, providing valuable insights into the shifting strategies of legal departments worldwide.

Uncovering Trends in Legal Risk Preparedness

The study reveals a concerning trend of declining risk preparedness among corporate legal teams. This shift indicates a potential vulnerability in corporate defense mechanisms amid an array of contemporary threats. Thus, highlighting the importance of proactive strategic planning and the adoption of robust risk management practices to navigate the complexities of the global business environment.

Implications for Corporate Strategy

The findings of The General Counsel Report have far-reaching implications for how legal departments conceptualize and implement their risk mitigation and dispute resolution strategies. With legal landscapes across the world becoming increasingly intricate, the need for advanced preparation and dynamic adaptability has never been more critical. This underscores the imperative for businesses, especially those with global operations, to reassess and bolster their legal risk management protocols.

About FTI Consulting, Inc.

FTI Consulting, Inc. FCN is an esteemed global business advisory firm that offers a suite of services designed to help organizations manage change, mitigate risk, and resolve disputes effectively. With its headquarters in Washington, D.C., the company stands as a beacon of support for businesses navigating the tumultuous waters of today's economy.

FTIConsulting, LegalRisk, Strategy