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With just over one-third of the lawyers who participated in the In-House Counsel Satisfaction Survey saying they’re satisfied with their advancement prospects, Law360 Pulse spoke with seasoned general counsel about how they advanced in their careers.
While in-house counsel generally report they are satisfied with their jobs, crushing workloads coupled with shriveling budgets are causing serious burnout among those sandwiched between the top dogs and junior attorneys, experts said.
Law360 Pulse asked corporate counsel to identify some common misconceptions about working in-house and share their thoughts on the rewards and challenges of their jobs. Here's what they said.
Most in-house lawyers remain satisfied with their roles and would choose the career again, but advancement opportunities continue to lag behind other measures of satisfaction, according to a new Law360 Pulse report.
Pharmaceutical company Charles River Laboratories has hired an experienced industry attorney from Alcon Inc. for the newly created role of chief legal officer, according to a Wednesday announcement.
Paul Hastings LLP announced Wednesday that it has tapped a former Cooley LLP partner and onetime Merck & Co. attorney to chair its life sciences transactions team.
U.S. Securities and Exchange Commission Chairman Paul Atkins on Tuesday put forth a raft of ideas for encouraging shorter corporate disclosures, including a possible "safe harbor" for publicly traded companies looking to avoid shareholder lawsuits for failing to report the impact of highly publicized events on their businesses.
Winklevoss-led crypto exchange Gemini Space Station Inc. on Tuesday promoted one of its lawyers to interim general counsel as it parted ways with its chief legal officer, just weeks after the platform said it would wind down some international operations and reduce its workforce.
Smith Gambrell & Russell LLP has added the associate general counsel of IP at Meso Scale Diagnostics LLC and a principal and engineering team leader for Johnson Marcou Isaacs & Nix LLC, strengthening its intellectual property practice.
Kentucky-based GE Appliances has named a new general counsel who will also be its chief compliance officer.
Penn Medicine's top in-house attorney and deputy general counsel for the University of Pennsylvania plans to retire from his roles after nearly three decades, he confirmed Tuesday.
A former U.S. Department of Justice antitrust attorney and White House counsel for President Donald Trump has joined Paramount Skydance as the company continues to gun for Warner Bros. Discovery.
Carlsberg Group is looking for a new general counsel as its longtime incumbent prepares to step down after 25 years in the job.
Taking heat from Republican senators over not notifying members of Congress about subpoenas for their phone records, Verizon's general counsel has pledged that in the future, the company will fight gag orders requiring it to keep silent. And taking heat from shareholders and colleagues over her ties to Jeffrey Epstein, Goldman Sachs' chief legal officer has agreed to leave the firm in June.
The Big 12 Conference has moved its interim general counsel into the top spot of the collegiate athletic organization's legal department, just months after its previous general counsel departed for the Southeastern Conference.
Epstein Becker Green has hired the former acting general counsel of the U.S. Department of Justice's U.S. Marshals Service, who spent over 14 ½ years with the agency and earlier in her career there litigated constitutional and specialized torts and other matters as a trial counsel, the firm announced Thursday.
The legal industry had another action-packed week as firms announced new office leaders and expanded their offerings across the country. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.
The former general counsel of a restaurant group behind Casa Madera in West Hollywood charged luxury items and anti-aging treatments to his company credit card in a $250,000 embezzlement scheme and released privileged company information when he was fired, according to a lawsuit filed Wednesday in Nevada federal court.
General counsel Melissa Sellers admits she has a sweet spot in her heart for candy companies, and now that she's at Just Born Quality Confections, she gets to shape its legal department from scratch.
The co-chair of Cravath Swaine & Moore LLP's global mergers and acquisitions practice is heading in-house, joining building materials company Martin Marietta Materials Inc. as its new legal leader.
An attorney who spent more than a decade working as an attorney and reviewer at the Internal Revenue Service has joined Dinsmore & Shohl LLP's Washington, D.C., tax group, the firm announced this week.
A former in-house attorney petitioned a Colorado Court of Appeals panel Wednesday to not find "frivolous" his request for the court to reverse a lower court's decision ordering attorney fees as a sanction against the attorney and his counsel in an underlying legal malpractice lawsuit.
With the aid of artificial intelligence, online criminals are operating at a cadence and effectiveness that veteran cybersecurity lawyers and in-house counsel said they've never seen before, at a panel at a webinar on data privacy and cybersecurity trends on Tuesday.
Technology company Cloudflare Inc. is preparing for leadership changes as its top in-house attorney takes on a new role with the company next month, according to a recent public filing with the U.S. Securities and Exchange Commission.
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
Series
Biz Development Tip Of The Month: Prioritize Connections
One reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Roundup
Biz Development Tip Of The Month
This year, experts shared 12 actionable strategies on building business in today's competitive legal market, from prioritizing human connections to maximizing the impact of thought leadership.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.
Series
Talking Mental Health: Caring For Everyone As A Firm Leader
Reid Phillips at Brooks Pierce discusses how he manages the pressure of running a law firm, how sources of stress in the legal industry have changed over the past decade, and what firm leaders should do to help manage burnout and mental health issues among employees.
LinkedIn has several features law firms can use to showcase their capabilities and thought leadership to reach prospective and existing clients, including the Event and Live features, says Sofia Millar at Reputation Ink.
Nikki Hurtado at The Ferraro Law Firm discusses what motivates her to represent victims of catastrophic injuries, how she copes with the emotional toll of such cases, and what other attorneys taking on similar cases can do to protect their mental well-being.
Law firms are expected to continue consolidating in the year to come, and because these mergers require a different kind of playbook, firm leaders must carefully consider office culture nuances, professional services economics and talent retention strategy before any merger, say directors at FTI Consulting.
In a market where clients have more options, tighter budgets and higher expectations, firms must figure out how to differentiate themselves without discounting their rates, and several practical strategies for pitching, pricing and early-engagement communication can help, says Shireen Hilal at Maior Strategic Consulting.
Law firm revenue cycles are becoming more complex and time-consuming, but hiring dedicated revenue cycle personnel can help streamline the process and reduce the burden on attorneys, says Christine Indiano at Harbor Global.
By initiating planning and processes to evaluate personal retirement goals and firm value early, longtime solo practitioners and small-firm owners can unlock a range of possibilities and potential buyers, setting up for a profitable exit and a rewarding transition, says Brent Daub at Gilson Daub.