In-house Legal Counsel | Bolsa de Valores de Asunción

Iván Andrada
In-house Legal Counsel | Bolsa de Valores de Asunción
In an increasingly complex global environment, how do you help your organization manage risk while continuing to support growth?
I believe it is essential for in-house counsel to adopt a comprehensive role within the organisation, actively engaging in processes that go beyond strictly legal matters. Developing a deep understanding of the business, the dynamics of the capital markets, and the company’s strategic objectives allows for the anticipation of risks rather than merely reacting to them.
From this perspective, legal advice becomes preventive rather than corrective. This involves identifying potential contingencies early, supporting the development of new products and initiatives, and enabling informed decision-making. In this way, the legal function not only mitigates risks but also acts as a facilitator of sustainable growth.
How has the role of the General Counsel evolved in recent years, and where do you think General Counsel add the most value today?
The role of legal counsel has evolved significantly in a context characterised by rapid technological advancement and increasing regulatory complexity. Today, legal professionals must remain in constant development and continuously update their knowledge to adapt to new realities that directly impact the business.
Beyond providing legal solutions, counsel adds the most value when actively participating in decision-making processes, contributing strategic insight and a comprehensive understanding of the business. The role requires integration with different teams, a deep knowledge of operations, and the ability to anticipate the legal implications of every initiative. In this sense, the greatest value is created when legal counsel acts as a strategic business partner, rather than merely a technical adviser.
How has AI changed the legal function recently (including over the past year), and how are you addressing it within your team?
Artificial intelligence represents a valuable ally for the legal function rather than a threat. Its adoption enables process optimisation, streamlines administrative tasks, and enhances the responsiveness of the legal team.
However, its use requires strong professional judgement. It is essential to verify the information it provides, taking into account potential biases or inaccuracies. In this regard, AI complements — but does not replace — legal analysis.
Additionally, its increased use has created an environment where other business areas can access legal information more readily, raising the level of scrutiny applied to legal advice. This drives legal professionals to develop more precise, well-founded, and consistent arguments. In my experience, AI is a tool that improves efficiency whilst simultaneously elevating the overall standard of legal work.
In-house Legal Advisor | Bolsa de Valores de Asunción