Best Practices for General Counsel Succession Planning

 

Diversity Drives Business Performance

 

The Compliance Officer’s Guide to 2019 Compensation Trends

 

Hiring Compliance Officers: Five Things to Ask Every Candidate

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Do You Have "The Right Stuff?"

The Academy Award-winning movie, The Right Stuff, inspires us to think about having the “right stuff” from a new perspective. This mysterious mix is not one single quality, but a composite of attributes driven by a commitment to an ideal and a willingness to keep striving to achieve new levels of success. I’m struck by how this was reflected in the lives of the pilots in the movie who eventually became astronauts; they had to reach beyond their professional status as pilots to embrace a much broader vision of themselves — and that is what eventually defined them.

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Top 2019 Trends for In-House Counsel Compensation

This year, in-house counsel reported unprecedented rates of compensation satisfaction, with over 62% of lawyers unlikely to look for a new job and almost 60% believing their compensation is appropriate in comparison to peers. Our search consultants and advisors observe this contentedness in the market daily. With the legal function constantly evolving to include business advisory and leadership roles, especially at the General Counsel and Managing Counsel levels, organizations have made compensation packages more compelling and use counter offers to retain high-performers tempted to leave. In turn, in-house counsel are well-paid, enjoy the law department culture, experience comradery and business challenges, and are bound by golden handcuffs due to rich stock packages and a bull market.

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Reaching Past Inclusion

Reviewing a recent survey conducted by global management consulting firm BCG, I was struck by the finding that “Diversity plus inclusion is the source of real value.” Since our clients are always looking for diverse talent and striving to improve diversity and inclusion within their organizations, I asked one of our Senior Advisors, Michelle Banks, to share her thoughts on the subject. Michelle and I discussed the idea that legal departments should be considering the next step beyond diversity and inclusion: creating a culture of belonging.

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Benefits of Executive Coaching, Mentoring, and Advising: Webinar Recording

Our recent webinar showcased an expert panel of our Senior Advisors - former Fortune 500 General Counsel, Chief Compliance Officers, and current board members - as they discussed the differences, similarities, and myths surrounding executive coaching, mentoring, and advising. We learned how they provide clients with the necessary tools and unique insight to profoundly impact current and future career goals. Click here to access the WEBINAR RECORDING, and review the SLIDES.

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Four Steps to Optimize Your Legal Department

As in-house legal departments continue to grow and legal leadership continues to enjoy a greater scope and influence within the business, the legal team is, conversely, expected to do more with less.

According to the latest Acritas global survey of senior in-house counsel, the proportion of an organization’s legal budget allocated internally has increased from 37 percent in 2013 to 43 percent in 2017.

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Most Unreasonable Expectations Placed on Legal Departments

As in all companies, internal expectations vary between business units. Of these various relationships, one of the most dynamic and complex exists between business and legal, sometimes leading to occasions where the business places unrealistic expectations on the law department. To navigate this incongruity, I reached out to several sitting General Counsels from organizations of all sizes and compiled some of the issues and solutions below. In the end, communication and a strong relationship with the business prove to be most valuable.

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