Legal’s Balancing Act: Risk, Innovation, and Advancing Strategic Priorities episode artwork

EPISODE · Mar 25, 2022 · 16 MIN

Legal’s Balancing Act: Risk, Innovation, and Advancing Strategic Priorities

from Law and Candor · host Megan Ferraro, Bill Mariano, Rob Hellewell

Co-hosts Bill Mariano and Rob Hellewell start the show with Sightings of Radical Brilliance. In this episode, they review an article in Reuters exploring lawyer attrition and the “great resignation.”Next, their interview with Megan Ferraro, Associate General Counsel, eDiscovery & Information Governance, at Meta. They discuss the delicate balance that must be struck between risk and innovation and explore some of the following questions: How did the legal function evolve to play a bigger role in corporate strategy and innovation?What are the broader trends in the ways legal teams are supporting innovation?With businesses growing, adding new technology, and pivoting strategy quickly, what are the most critical risk challenges legal teams face today?How can legal best work with other functions in an organization to ensure strategic priorities are advanced—through new deals or technology, for example—while also balancing the risk factors?Our co-hosts wrap up the episode with a few key takeaways. If you enjoyed the show, learn more about our speakers and subscribe on the podcast homepage, rate us wherever you get your podcasts, and join in the conversation on Twitter. Related LinksBlog post: Analytics and Predictive Coding Technology for Corporate Attorneys: Six Use CasesPodcast: Innovating the Legal Operations ModelBlog post: What Skills Do Lawyers Need to Excel in a New Era of Business?Blog post: Purchasing AI for eDiscovery: Tips and Best PracticesArticle: To stem lawyer attrition, law firms must look beyond cash - reportAbout Law & CandorLaw & Candor is a podcast wholly devoted to pursuing the legal technology revolution. Co-hosts Bill Mariano and Rob Hellewell explore the impacts and possibilities that new technology is creating by streamlining workflows for eDiscovery, compliance, and information governance. To learn more about the show and our speakers, visit the podcast homepage.

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Is it worth the risk? Attorneys and legal leaders wrestle with this critical question often as they assess a variety of business decisions—from innovation in products or services offered by their business to new collaboration tools rolled out to the organization. As corporate legal teams have increasingly become essential business partners to other parts of their organization, how do they weigh risk and innovation while striving towards strategic goals? Megan Ferraro of Meta joins Bill and Rob to discuss the pivotal role legal is playing in helping innovation thrive while keeping risk at bay.

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