Bass, Berry & Sims attorney Michael Dagley was interviewed for an article detailing possible ways corporate counsel can better protect company assets. As an example, Michael suggests that corporate counsel approach in-house departments with a more aggressive and plaintiff-oriented focus. As Michael points out in the article, “don’t see your role as corporate counsel as being purely defensive. Your role can be to watch for and identify viable claims for the company.” Applying this approach could help convert in-house departments from cost centers into revenue-generating profit centers. As Michael suggests in the article, one way to apply this approach is in the writing and review of certain vendor contracts to alter the historic assignment of liability, such as with software or cyberliability contracts.
The full article, “Corporate Counsel Can Better Protect Their Companies By Being More Aggressive Litigators, Bass, Berry & Sims’s Michael Dagley Says,” was published by Bloomberg BNA’s Corporate Law & Accountability Report and in BNA’s Corporate Counsel Weekly on January 5, 2016 and is available in the PDF below.