Who Makes Chief Legal Officer

Operator: As an operator, you spend much of your time focusing on how to build a strong legal operations function and optimize the skills, talents, service levels, costs, and legal structures needed to better serve your trading partners. A Chief Legal Officer (CLO) has many responsibilities, including overseeing the legal department, managing external advisors, and ensuring that the company complies with all laws and regulations. OCLOs must have a solid understanding of corporate and regulatory law. Catalyst: A catalyst provides a competitive advantage by providing the legal perspective and critical advice needed to facilitate the management team`s ability to choose the right path forward and set the tone at the top of the company. A General Counsel or Chief Counsel is expected to take on more responsibility than ever before. Management teams often rely on their general counsel to be a senior strategist within the company. The right general counsel for your business: But I also think the OCOL title indicates that the focus is on the role of the best lawyer in the legal department to lead a team or set the tone focused on providing business solutions to problems rather than just legal analysis. (I`m not suggesting that those with GC designations don`t; I simply write what a title can mean.) The title “GC” is one that more clearly combines the role of the lawyer with that of the traditional lawyer – not a bad thing, of course! – But this may not indicate such a strong connection to the role of law in facilitating or creating value for the business, or such a strong link to the role of the best lawyer in leading a well-managed and enterprising team (both internally and externally) to solve complex business problems. As artificial intelligence (AI) gains traction in the legal space, it`s likely that AI-powered legal technology will become a trend. This technology allows lawyers to use AI tools to automate tasks such as reviewing and searching for documents. Competent in-house legal talent is an important part of your company`s team, and finding the best legal talent is necessary if you want to compete in today`s economy.

You can`t afford to make mistakes when you find the right candidate for a position as a general counsel, legal counsel, general counsel, or other important legal positions. The role of general counsel is also more closely associated with a high-level lawyer who ensures that all legal obligations of the company are met. Some of the main tasks of a GC are listed below. Certifications and licenses: Most employers are looking for candidates who are certified as attorneys or legally licensed. Applicants may acquire these qualifications during or after law school. Leadership: Legal counsel often hold leadership positions, so it is important that they have strong leadership skills. Leadership skills can help a legal advisor when supervising other employees, negotiating with clients, and working with other legal teams. Michael Sachs is a partner at In-House Counsel Recruiting, based in Chicago. He specializes in the placement of lawyers at all levels – from junior counsel to general counsel – in corporate and university legal services. Over the years, Mike has conducted critical research in many industries, including healthcare, energy, financial services, consumer products, pharmaceuticals and medical devices, manufacturing, and higher education.

His clients ranged from Fortune 500 companies with very large legal departments to private organizations with small and small legal teams. The role of Chief Legal Officer is a more recent position than that of General Counsel and, in some respects, an extension of the role of General Counsel. OCOL is a C-suite position that focuses on the legal department, but is also responsible for providing valid business solutions to issues that arise. A legal analysis is expected, but OCOL also keeps an eye on the business model and objectives of the company. The role of today`s Chief Legal Officer is complex and requires much more than expertise in legal operations. To succeed, an OCOL must master and find the right balance between “four faces”: strategist, catalyst, goalkeeper and operator. GC`s role is to provide legal advice that helps the company achieve its business objectives. It may sound simple, but it`s quite complex. In some cases, chief legal officers may be appointed to their positions by a company`s board of directors. In these cases, the Chief Legal Officer is responsible for all legal matters of the corporation and reports directly to the Board of Directors. As one of a company`s senior executives, OCOL is “in the room” with the CEO, CFO and the rest of senior management; and as a business leader, the legal meaning of OCOL is at stake.

“The most important skill of an OCOL is good business judgment,” said Kodwo Ghartey-Tagoe, executive vice president, general counsel and corporate secretary of Duke Energy, a Fortune 150 energy portfolio company. “Legal expertise can be bought.” In addition to preventing violations of the law, general counsel must strategically plan the management team. In fact, many directors believe that one of the most valuable functions of the general counsel is to advise the board as well as the management team on business strategy matters. You may be considering hiring a general counsel or chief legal officer to manage your company`s legal affairs, but you may not know which position is best for your business. Here are the differences between a general counsel and a chief legal officer. The terms “General Counsel” and “Chief Legal Officer” are often used interchangeably. However, there are important differences between these positions, including their specific priorities. These differences, which are described in more detail below, should be considered when hiring a lawyer for your business: Today`s business leaders demand far more from a general counsel than legal advice. Expectations for CCs are high and are unlikely to change in the future. When looking for a general counsel, it would be wise to look for a candidate with a cross-functional business background or someone with extensive work experience. Our average fill time is only 38 days, compared to an industry average of 100 days. By hiring us as your legal executive search agency, you get the best talent for all your essential legal positions.

We have experience in executive search across a wide range of industries and have no problem finding the right candidate for your business. The demand for legal services is driven by the increasing complexity of the laws and regulations governing business. In addition, demand will depend on the growth of new industries and the expansion of existing ones. Some of the responsibilities of the Chief Legal Officer are listed below. If the company is involved in litigation, the general counsel may represent the firm directly, lead the legal team that does so, or choose the lawyer who will do so. Here are some of the qualifications that are often required to become a Chief Legal Officer: Understanding the contracts signed by the company, as well as confidentiality agreements, may also be the responsibility of the OCOL.