Top Risks for Chief Legal Officers and General Counsels

This report presents findings from the 13th annual Executive Perspectives on Top Risks Survey, which includes insights from 1,215 board members and C-suite executives regarding their views on significant risks over the near- and long-term horizons. The survey identifies economic volatility, cultural challenges, and rising labor costs as primary concerns for Chief Legal Officers (CLOs) and General Counsels (GCs) in the upcoming two to three years. It highlights the need for legal executives to navigate a complex landscape of compliance, financial, reputational, and operational risks. The report also outlines long-term risks, with geopolitical shifts and economic conditions being top concerns for the next decade. Legal leaders are tasked with managing these risks while ensuring organizational resilience and compliance with evolving regulations. The findings underscore the increasing responsibilities of CLOs and GCs in safeguarding their organizations amidst a dynamic and unpredictable environment.