Legal Counsel Vs Legal Manager
It is well known that a lawyer working as a businessman can lose the solicitor-client privilege normally associated with his office. While this is always a factual analysis, changing your title to reflect recognition of your non-legal role will inevitably run counter to the case of privilege in the regulatory context. 8 Chief Legal Officer and General Counsel legal job titles are sometimes used interchangeably, but they also perform different roles depending on the size and nature of the business. Study.com says: Do you use established criteria to designate in-house counsel as “lead counsel”? If so, is it a year of appeal, expertise, supervision of junior lawyers or something else? First, we lead with measures to manage external consultants` expenses, shorten contract cycle times and respond to internal legal requests. An OCOL must link these measures to the company`s objectives and show their team that good legal performance in turn has a positive impact on the company`s measures. For example, understanding that reducing contract cycle time is directly related to reducing costs for the business and increasing revenue. Technology is also a big part of the OCOL`s role, particularly integrating technology into the day-to-day practice of the legal team, creating efficiencies. Perhaps one of the most valuable assets an OCOL can offer the GC is its ability and vision to modernize the legal team by leveraging technologies such as case management, contract AI and workflow tools to achieve the best business outcomes. However, this is not without obstacles, as it means recalibrating the mindset and educating lawyers who are opposed to change and reluctant to embrace new technologies.
Finally, the role of an integrator is paramount to the success of an OCOL – it acts as an intermediary between the legal and management teams and the entire company. This is achieved by understanding where the individuals within the legal team are best positioned to use their skills to coordinate with another business unit and build successful lateral relationships. A legal articling student is an entry-level legal role that supports the legal team in various tasks. The duties of a legal intern include: But having fewer pencils can be the last thing a new corporate lawyer thinks about when they`re hired to build a legal team. Many indicated that without the moral support of a large group of law firm lawyers or a large in-house team, the only management consultant can be a solitary position. A universal tip for new in-house lawyers is not to be afraid to proactively create a network of other in-house lawyers. Joanne Low, head of legal and compliance at Hong Kong-based private equity fund RRJ, advises coming forward: “There will be someone in a similar situation who has experienced something that you are going through now.” Another Hong Kong-based fund lawyer, Kher Sheng Lee, agrees, giving this advice: “Even if you don`t have an established network, there really isn`t any law or rule that just prohibits calling people. Get a recommendation, get an introduction to call people when needed – imagine.
He began sending emails to other management consultants in his sector to make contacts. This approach has now led to a regular network that meets to discuss legal and industrial developments and provide informal support. The legal assistant is the most sought-after position by candidates, while the legal secretary is the most sought after by employers. How do you compare a legal assistant to a legal secretary? The roles are similar, but have different qualifications and salary levels. Both provide support to legal services, but according to Learn.org: Legal Contracts Manager – it`s a role for those who appreciate the essence of legal agreements. The in-house Legal Contracts Manager works in organizations that generate a high volume of contracts with suppliers, customers, contractors and subcontractors. The manager of legal contracts must not only keep these contracts up to date with changing laws, but also ensure that they are legally enforceable and signed by persons with the appropriate authority. The role is often, but not always, played by a qualified lawyer. As the world becomes more complex, once niche disciplines become commonplace, while new specializations emerge almost every week. Ads for Digital Marketing Counsel and Data Privacy Counsel are now ubiquitous on lawyers` job boards, for example. They were unknown in the not-so-distant past. My first thought is that the criteria for this type of title may vary from company to company, depending on the nature of your business, the size and level of experience among the legal staff, etc.
For example, in my legal department, we have several lawyers who perform similar tasks but have different years of experience. The most experienced lawyers have the title of senior lawyer. He is not bound by supervisory functions because those opportunities do not exist because of the structure of our department, because they all report to a Deputy General Counsel. In larger staff, however, they could certainly do it. 10 “The Chief Legal Officer is a senior executive who works with other business leaders to make business decisions that drive growth. The General Counsel is above all an advisor who aims to limit the legal risk of the company. As originally proposed by the SEC, the proposed legislation and regulations required lawyers to report to the chief legal officer or chief executive officer evidence of material securities law violations, fiduciary duties, or similar violations by the company or its agents. This requirement was then considered to turn in-house counsel into SEC informants when they presented themselves to the board of directors and professionally determined that the board was not responding. Alternatively, the Chief Legal Officer had to make a “noisy retreat,” i.e. Cancel. Fortunately, reasonable minds prevailed in the final regulations passed by the SEC under SOX.
17 CFR §§ 205 et seq. Joking aside, this led us to reflect on the range of in-house legal titles we encounter today and identify models or principles that could help talent acquisition managers lead an in-house legal recruitment project for the first time.