- July 8, 2021
- Posted by: Stratford Team
- Category: Business
Meredith Ann Simmons, transactional lawyer based in New York City, discuses the rise of general counsel practise and how the profession has changed from a business perspective…
“I was told there would be no math…”
Lawyers often joke that they went to law school because they thought it meant they would never see another math problem. However, as more companies move their legal departments in-house, these organizations need their head lawyer to be both legally and financially fluent. Initially, the move toward a robust in-house legal department was seen as a way to reduce overhead, but now companies are seeing the potential of legal departments to drive real value in their business.
In recognition of this change, general counsels are expected to be not only trustworthy experts who can provide valuable insight and guidance regarding legal matters, but also business-savvy department heads who can create a budget, leverage technology, and understand…
