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Chief Legal Officer Job Description – In-house legal counsel is invaluable to any company. They understand the specifics of your business and better understand the problems your company faces. The top-level positions that manage your company’s legal affairs are even more important because they oversee the company’s entire legal team.
You are considering hiring a general counsel or chief legal officer to handle your company’s legal affairs, but you may not know which position is best for your business. Below are the differences between a general counsel and a chief legal officer.
Chief Legal Officer Job Description
The general counsel is a more senior manager in the company. The GC focuses on managing a company’s compliance and corporate governance.
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The role of the general counsel is associated with a high-level lawyer who ensures that all the company’s legal obligations are met. Some of the key responsibilities of a GC are listed below.
The role of the chief legal officer is a newer position than the general counsel, and in some ways it is an extension of the role of the general counsel. A CLO is a C-Suite position that focuses on the legal department but is also responsible for providing effective business solutions to emerging problems. Legal analysis is expected, but the CLO remains committed to the company’s business model and goals.
The chief legal officer has many tasks, not only managing legal processes, but also coordinating legal and business strategies, proposing innovative business solutions, reducing risk and ensuring the integrity of the law. Finally, a CLO differs from the role of a GC in that a CLO is considered a strategic business partner.
The role of a senior consultant is always more responsible. Management teams often rely on their general counsel to provide strategic guidance for the company. The right general counsel for your organization will:
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We understand that each consultant’s position and duties are different depending on the needs of the company. We help you find a top candidate who has all the qualifications and skills necessary for the job. Our senior search consultants know how to identify top legal talent from years of experience and use proven hiring strategies.
In today’s complex world, you can’t afford to hire the wrong person for your legal needs. Cowen Partners is a law enforcement search firm, which is why companies trust us with their talent acquisition needs. We know how to find talent that improves your business performance and is good for your team.
Both platforms bring value to your company but in different ways. A general counsel will provide you with all the legal advice and assistance you need. If you’re looking for help managing your legal team and ensuring compliance in every way possible, GC is a great fit.
However, if you want a more involved position for your company that can provide business value beyond legal advice, a chief legal officer is a better choice. The CLO role has gained momentum recently and was named the sixth fastest growing C-suite title in 2020 with a 23 percent increase, according to Workforce Insights.
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It’s easy to see the growth of the position because a CLO has so much value to a business. With a CLO, you have an employee dedicated to continuing the business and improving the bottom line, while ensuring compliance along the way.
When hiring a chief legal officer, make sure you’re choosing someone who understands the legal aspects of your business, but can also handle the more strategic aspects of the organization. company. With that in mind, below are some important features you should look for in a CLO.
A CLO compares the company’s legal situation while examining the implications and risks associated with new business moves.
A CLO understands the legal risk of new ventures but can also make decisions in the larger context of the business.
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Since the CLO understands the business goals and purpose of the company, the CLO can see the legal aspects of business decision making through the lens of successful business management.
The legal team is run by the CLO so you need an experienced leader to inspire and motivate employees to do their best. You also want a dynamic leader in this position because they will be working with business leaders and external customers on a regular basis. Whoever manages your legal team must be able to handle people from all different backgrounds.
A CLO is essential to successfully managing the legal aspects of your business. You don’t want someone in that job who has to make decisions for weeks at a time. You need a confident CLO who can look at a legal question, accurately analyze the benefits and risks, and then move forward and act in a timely manner.
Recruiting in-house legal talent is an important step for your business, so do it right. Hire a team of skilled and experienced administrative lawyers to handle your legal application.
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It may take time for your company to find and hire new employees. The processes of posting a job opening, screening applications and scheduling interviews are time-consuming but important to your business. The truth is, even after all this work, the person you chose may not be the best fit for your company.
Cowen Partners is the nation’s premier law enforcement agency, empowering companies to harness the power of human capital to maximize their success. Cowen Partners gives our clients access to the top 1% of human capital to create opportunities to accelerate their growth and markets. With Cowen partners, clients can grow at scale, create value and drive global productivity and talent.
Our clients are small and large, publicly traded, pre-IPO, private and non-profit organizations. Clients are $50 million to multi-billion dollar revenue Fortune 1000 companies, or assets between $500 million and $15 billion. Successful positions span the entire C-Suite, including VP and executive level leadership positions.
With our proven processes and effective results, we have successfully placed hundreds of candidates in industries including technology, healthcare, manufacturing, marketing, financial services and equity.
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Interested in exploring in-house counsel options such as General Counsel or Chief Legal Officer? Call me
At this time, attorneys general are expected to take on more responsibilities than their organizations. In the past, their main role was to protect the company from legal and ethical violations, but now they do much more than that.
In addition to avoiding legal offences, general counsel is required to provide strategic planning advice for the management team. In fact, many executives believe that one of the most important roles of a general counsel is to advise the board and management team on business strategy.
New corporate situations have evolved over the years to include a diverse range of enterprise risks, which has broadened the role of in-house counsel. Management teams are looking for general counsel who can:
Chief Legal Officer Job Description
When looking for a general counsel, most managers and officers look for someone who has the following:
Company officials believe that a general counsel with these three attributes will succeed in the position and become a trusted strategic advisor to the company.
A lawyer is expected to have a lot of legal knowledge, but legal knowledge is not enough to be successful as a corporate legal director. General lawyers should be prepared to better understand the business and industry in which they work.
What business leaders are beginning to realize is that general counsel can provide better legal advice when they are well versed in business and industry. A GC is involved in major contract negotiations and makes regular company decisions.
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With a thorough understanding of the internal and external negotiations of the company, the G.C.C. Evaluate the various business interests and determine whether they are beneficial to the company. In-house advisors with solid enterprise risk management expertise and solid business and industry knowledge add value to business strategy every time.
Most companies do not have a succession plan for general counsel. Many law firms operate on shoestring budgets, making it difficult to choose a suitable candidate for succession. It is also difficult to decide on a successor to a general counsel when the company’s lawyers deal with the day-to-day business needs, and it is difficult to get involved in risk and management issues.
Often times, companies look to an executive recruiting firm to match internal candidates with external talent. While internal candidates have the business knowledge that management teams are looking for, the hard work and long list of GC prospects will find the right candidate for the
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