It's important to understand and acknowledge the role of counsel in strategic and business planning for the client. While the ultimate responsibility for the preparation and content of the business plan lies with the client’s senior management team, in-house counsel and attorneys from outside law firms should be closely involved in the drafting process and be proactive in identifying the legal and regulatory hurdles to implementing a strategic plan and suggesting solutions to overcome those hurdles that can be integrated into the plan.
Role of Counsel in Strategic & Business Planning
