Beyond delivering legal services, general counsel shoulders the responsibilities of ethics and compliance, internal audits, government affairs and data security. Many also serve on their organisations’ executive leadership teams, provide corporate secretarial and other advisory services. This sprawling spectrum of responsibilities illustrates the critical need for comprehensive end-of-year (EOY) reports.
EOY reports are more than just a synopsis of annual accomplishments. They show the strength of a company’s legal department, and how it interacts with other departments. But more importantly, they enable informed decision-making concerning staffing, budgets, strategic initiatives, organizational expansions, and upcoming challenges and risks.
Practical Law is Thomson Reuters key offering for in-house counsel, delivering authoritative legal knowledge and practical insight across a wide array of practice areas. With Practical Law, in-house counsel can stay abreast of evolving laws, regulations and best practices, ensuring their role as an organisational linchpin is reinforced.
To support your EOY reporting, we’re offering two crucial Practical Law resources:
- Practice note, Preparing a General Counsel End of Year report: A comprehensive guideline detailing the importance of EOY reports, outlining the recommended content and sharing top-notch practices.
- Standard document, General Counsel End of Year report: A detailed sample report complemented with insightful notes, clarifying explanations, and useful drafting tips to enable an accurate description of the general counsel’s responsibilities, personal performance, and team performance during the past year.
The creation of effective EOY reports is an art – one that could significantly impact the course of an organisation. It’s not solely about overcoming the present challenges but also proactively preparing for the future.
Download your complimentary resources via the form on this page.
