About

Keskinäinen Eläkevakuutusyhtiö Ilmarinen, a Finnish statutory pension company, has in-house lawyers that are considered by internal and external sources to be ‘business partners who act as trusted advisers on a business unit level’. The team is known for its willingness to embrace technology to improve internal processes and procedures; for example, creating electronic platforms in order to enhance communication within the business. This interactive via electronic platforms has benefited both lawyers and business counterparts as it has led to the introduction of an online discussion channel and quick “Q&A” facilitation. Additionally, the online platform guaranteed the swift accessibility to relevant information to all those who require it. The legal department provided a substantial contribution to the development and standardisation of contractual processes, which incorporated the creation of a tailor-made software system. The team was also crucial in the adaptation of Keskinäinen Eläkevakuutusyhtiö Ilmarinen’s corporate governance practices, and helped identify and implement European Union regulations affecting the organisation’s investment operations. The legal division’s involvement in the implementation of European Market Infrastructure Regulation (EMIR) framework into the company’s derivatives businesses is widely regarded as one of the most impressive pieces of work by the team to date. The reformation resulted in a change to contract structures as well as a further revision of internal and external processes.