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About In-house Advisor

As an In-house lawyer, you have to cover more ground than most. Today, you need to be an expert on data protection. Tomorrow, it could be employment contracts. And it’s not just a case of knowing the law. You need to have a nose for the commercial side of things, too.

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Managing legal risk is a key expectation of in-house lawyers. Boards increasingly expect them to proactively involve themselves in the organisation’s formal risk management processes. We help you manage legal risk.

Training for your business

This Precedent anti-bribery and corruption (ABC) presentation is a training aid to introduce your staff to the Bribery Act 2010. Easily train them on your own internal anti-bribery and corruption policies and procedures.

Key skills

Gain insight into your company’s finance and accounting. We’ll describe the format financial accounting information is presented, and give you the why and how that information’s used to determine business goals.

Cover all bases

As an In-house lawyer, you have to cover more ground than most. Today, you need to be an expert on data protection. Tomorrow, it could be employment contracts. And it’s not just a case of knowing the law. You need to have a nose for the commercial side of

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Associated legal terms

Return on capital employed (ROCE)

A measure of a company’s profitability. It may be defined as: earnings before interest and tax divided by total capital employed plus short-term borrowings minus total intangibles. ROCE takes all the assets employed in the business, including borrowings, and measures the return the company made on them. If a company has a low ROCE, it is using its resources inefficiently, even if its profit margin is high. Calculation: multiply operating profit by 100, and divide the result by total capital employed. Example: Company A made an operating profit of £897 million on total capital employed of £4,342 million. ROCE was therefore (897 x 100)/4,342= 20.66% Yardstick: a company’s ROCE should be higher than the return on gilts (the benchmark for a risk-free investment return). And unless it is higher than the cost of borrowing, any increase in the company’s borrowings or the general level of interest rates will reduce shareholders’ earnings. A ROCE of 20% or more is considered very good.

Underlying works

When making a new film or television programme, a number of individual different copyright works will comprise the film depending on the type of production being made, eg a drama or a factual documentary. These so-called ‘underlying works’ may include: • scripts • adaptation and derivative works • translations • other literary works • letters

Wireless telegraphy

The emitting or receiving, over paths that are not provided by any material substance constructed or arranged for the purpose, of electromagnetic energy of a frequency not exceeding 3,000 gigahertz that: • serves for conveying messages, sound or visual images (whether or not the messages, sound or images are actually received by anyone), or for operating or controlling machinery or apparatus, or • is used in connection with determining position, bearing or distance, or for gaining information as to the presence, absence, position or motion of an object or of a class of objects
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