By Fred Krebs
Situational awareness is a relatively new term, applied most frequently by the military, emergency services and air traffic control. It is a complex field and has generated much study and many definitions . One that I like simply defines situational awareness as “being aware of one’s surroundings and identifying potential threats and dangerous situations.” So, what does situational awareness have to do with today’s in-house counsel? To be effective, in-house counsel must practice good situational awareness in at least three areas: law, finance and technology.