Is a legal team a stakeholder?

Asked by: Josiah Wintheiser  |  Last update: January 26, 2026
Score: 4.3/5 (71 votes)

Yes, a legal team is definitely a stakeholder because they have a significant interest in an organization's projects, decisions, and overall performance, influencing and being affected by outcomes, especially regarding compliance, risk, and contractual obligations. They serve as crucial internal stakeholders, often working closely with leadership and other departments like finance, to ensure legal requirements are met and risks are mitigated.

Is a lawyer a stakeholder?

Lawyers may often find themselves in a position of trust with their clients, for example when the lawyer acts as a stakeholder-solicitor or as an escrow agent for an agreement between two or more parties.

Are team members considered stakeholders?

Internal stakeholders are those within your organization. They can include top management, project team members, your own manager, your peers or coworkers, a resource manager, and internal customers.

What is a legal stakeholder?

In business law, a stakeholder is a party who has an interest and might be affected by the performance and outcome of an entity's business, project, or enterprise. Common examples of some of a corporation's stakeholders are shareholders, investors, employees, suppliers, the community, and the government.

What is a legal team?

At its heart, the legal team exists to ensure that accountable decisions are taken at the right level and function in the organisation, and that the individuals making those decisions are suitably informed about the level of legal risk inherent in them.

Stakeholders: A Legal Project Management Talk

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How big is a legal team?

A team of between one and three lawyers is common. A recent survey of 427 legal departments found that the median number of team members is six - though larger companies with more revenue feature far bigger legal teams.

Does Deloitte have a legal team?

At Deloitte Legal we seek out solutions aimed at delivering enduring business value. Operating in 75+ geographies, our 2,500+ legal professionals collaborate seamlessly across borders and with other Deloitte businesses and Services lines.

Why can't you say stakeholder anymore?

The so-called “stakeholders” are affected by the outcome, but they have no power to influence it. Using the term “stakeholder,” then, can undermine the power, ownership, and authority of those you are looking to engage with.

What counts as a stakeholder?

Stakeholders may include investors, employees, customers, suppliers, communities, governments, and trade associations. An entity's stakeholders may be internal or external to the organization.

What are the 7 types of stakeholders?

The 10 different types of stakeholders:

  • Suppliers.
  • Owners.
  • Investors.
  • Creditors.
  • Communities.
  • Trade unions.
  • Employees.
  • Government agencies.

What are the six main stakeholders?

Below are the six main types of stakeholders:

  • Customers. Stake: Product/service quality and value. ...
  • Employees. Stake: Employment income and safety. ...
  • Investors. Stake: Financial returns. ...
  • Suppliers and Vendors. Stake: Revenues and safety. ...
  • Communities. Stake: Health, safety, economic development. ...
  • Governments. Stake: Taxes and GDP.

Who are the 5 stakeholders?

In this guide, we'll unpack five stakeholder groups that are most commonly referenced in stakeholder planning: investors, suppliers, customers, employees, and communities.

What group do lawyers belong to?

Attorneys in California join state, regional, county, and city-level bar associations for a variety of reasons. Bar associations in California provide networking opportunities, access to publications for a specialty practice area of the law, and discounts on quality CLE seminars.

Does a lawyer have a team?

Any litigation involving any significant amount of money will normally have a legal team assigned to it to prosecute or defend the matter. The day of the single practitioner performing all tasks on a case are long over.

How do you determine who is a stakeholder?

Identify Project Stakeholders

To be classified as a stakeholder, the person or group must have some interest or level of influence that can impact the project. We would benefit not only from understanding their interests, but also from understanding the potential project impact if a need were not met.

Why is stakeholder racist?

Settlers were given wooden stakes to claim their plot of land prior to any treaty or land negotiations with Indigenous Peoples. It's more appropriate to refer to Indigenous Peoples as partners rather than stakeholders.

Can your boss be a stakeholder?

Internal stakeholders: Internal stakeholders are parties that have a direct financial interest in a company's operations. These include the employees, managers, executives and owners of a business.

What is the politically correct term for stakeholders?

The meaning might slightly change depending on the term, but generally, "stakeholder" is a neutral term. Alex Musial Consider "collaborators," "contributors," or "community members" for more inclusive, relationship-focused terms.

Who are the seven stakeholders?

When we think of stakeholders, it is possible to list many examples, but the ones that usually come to mind are shareholders, management, employees, trade unions, customers, suppliers, and communities. However, larger and more complex organisations can have many more stakeholders than these.

What are three examples of stakeholders?

Some of the most common stakeholders include employees, customers, investors, and community groups.

What are the 7 C's of stakeholder management?

The 7 Cs of Stakeholder Management is a vital framework for effectively engaging and communicating with stakeholders throughout a project or organizational initiative. This approach emphasizes the importance of being clear, concise, concrete, correct, coherent, complete, and courteous in all interactions.

Who are the magic 5 law firms?

The "Magic Circle" refers to five elite, prestigious, London-headquartered law firms known for corporate, finance, and M&A work, generally including A&O Shearman, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, and Slaughter and May, recognized for their global reach, high profitability, and significant trainee intakes. This term, coined by legal reporters, signifies the pinnacle of the UK legal market, offering lucrative careers in a demanding, high-pressure environment.
 

Who is bigger, Deloitte or KPMG?

Yes, Deloitte is significantly bigger than KPMG in terms of both revenue and number of employees, consistently ranking as the largest of the "Big Four" accounting and professional services firms, while KPMG is generally the smallest of the four. For example, recent figures show Deloitte with revenues over $70 billion and hundreds of thousands of employees, compared to KPMG's roughly $38 billion in revenue and around 275,000 employees. 

What are the six signature traits of inclusive leadership?

Here are six signature traits of inclusive leaders that one must adopt to promote a culture of inclusivity:

  • Cognizance.
  • Curiosity.
  • Cultural Intelligence.
  • Collaboration.
  • Courage.
  • Commitment.