Asked: Our weekly question to the In-House community
Change is hard. And for in-house counsel in a post-recession legal world, it can be very hard, according to an article by Inside Counsel.
The article takes a look at the top ways the job is different for GCs these days than before the economic bubble burst a few years ago.
According to the story, these are the top five changes:
- More is expected of employees
- There are fewer rewards
- There is more concentration on short-term results
- It’s all about innovation
So here’s our question for you:
How do you think the in-house counsel role is different in today’s economy?
Leave a comment below or email me.
Need to Know:
- The NSA’s GC spoke out about the government’s warrantless wiretapping program.
- Vanderbilt University named a new general counsel.
- Biotechnology company Elan Corporation named a new general counsel.
- Why do in-house counsels fear alternative fee arrangements?
Follow us on Twitter for In-House news and discussion: @TDRInHouse
- Want the latest on who’s been hired, fired or moving and shaking? Head to our Movers and Shakers page to find out.
- For networking events and other happenings this week in Maryland, check out our calendar of events.
- Get the very latest updates from our law reporters on Twitter: @TDRKristi, @Steve_Lash, @TDRBeth.
- Check out The Daily Record on Facebook.
In addition to the things named in the article, pay has dropped dramatically. It also appears that companies are expanding their “non-legal” contracts departments and staffing them with attorneys. The company gets the benefit of legal experience without having to pay for it or provide an appropriate job title.