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The cryptocurrency industry is like the Wild West and in-house attorneys want a piece of the action.That’s how Lindsey H...
05/25/2021
Legal Leaders Are Moving to Crypto to Help Shape the Industry | Corporate Counsel

The cryptocurrency industry is like the Wild West and in-house attorneys want a piece of the action.

That’s how Lindsey Haswell felt when she joined the crypto exchange Blockchain.com earlier this month as its chief administrative and legal officer.

“It’s not very often where lawyers get to get a seat at the table of history and get to mold where a company and an industry goes,” Haswell said on why she wanted to join the company.

https://www.law.com/corpcounsel/2021/05/25/legal-leaders-are-moving-to-crypto-to-help-shape-the-industry/

“We’re not just the back office rubber-stamping something. We’re at the table with the boards, regulators and investors trying to figure out what the future of the industry looks like, said Lindsey Haswell, chief administrative and legal officer of Blockchain.com.

In a continuing tradition of corporate counsel empowerment that has been most forceful so far in the diversity space, ou...
05/25/2021
GCs: Big Law ESG Practices Must 'Walk the Walk' | Corporate Counsel

In a continuing tradition of corporate counsel empowerment that has been most forceful so far in the diversity space, outside counsel advising companies in advancing their ESG goals are being asked to, in a way, partner in the endeavor. https://www.law.com/corpcounsel/2021/05/24/gcs-big-law-esg-practices-must-walk-the-walk/

“If law firms are going to advise and be successful in advising clients on how to engage in ESG matters, they also need to walk the walk,” says...

Potential in-house recruits from law firms are often going through several rounds of interviews and, sometimes, getting ...
05/25/2021
Legal Departments Caught in Big Law Bonus Battle Crossfire | Corporate Counsel

Potential in-house recruits from law firms are often going through several rounds of interviews and, sometimes, getting all the way to the offer stage, before deciding they’d rather stay in Big Law and make more money. https://www.law.com/corpcounsel/2021/05/24/legal-departments-caught-in-big-law-bonus-battle-crossfire/

“These law firms are doing everything they can to hold onto people, said John Gilmore of BarkerGilmore.

"As a virtual or live presenter, remember: Your goal isn’t simply to command audiences’ attention – it’s to make them re...
05/25/2021
Virtual Speaking: How to Effectively Get Your Message Across | Corporate Counsel

"As a virtual or live presenter, remember: Your goal isn’t simply to command audiences’ attention – it’s to make them reconsider their situation, revisit scenarios from fresh angles, and – having reimagined their current state of affairs in context – make smarter and more effective decisions." https://www.law.com/corpcounsel/2021/05/24/virtual-speaking-how-to-effectively-get-your-message-across/

In the following article, you’ll find a number of expert hints, tips, and insights that can help you more effectively connect with and engage with...

"General Counsels are often risk-averse perfectionists. The quest for perfection can be dangerous, as it can result in t...
05/25/2021
How to Become a Strategic Business Partner: Tips From CLOs and Former CEO | Corporate Counsel

"General Counsels are often risk-averse perfectionists. The quest for perfection can be dangerous, as it can result in the individual being obsessed with not doing anything wrong in life. The most valuable GC is someone who is a partner in the journey towards building a purposeful organization, and this is a journey where mistakes will be made." https://www.law.com/corpcounsel/2021/05/24/how-to-become-a-strategic-business-partner-tips-from-clos-and-former-ceo/

Several Global Chief Legal Officers and the former CEO of BestBuy share their insights into how the GC can add true value to an organization and...

ICYMI: “[I]t was the false allegation that tanked the markets and the SEC should be looking at that because it’s a pure ...
05/23/2021
Robinhood CLO Dan Gallagher's Big Takeaway From the Game Stop Frenzy | Corporate Counsel

ICYMI: “[I]t was the false allegation that tanked the markets and the SEC should be looking at that because it’s a pure market manipulation.” https://www.law.com/corpcounsel/2021/05/14/robinhood-clo-dan-gallaghers-big-takeaway-from-the-game-stop-frenzy/

Gallagher discussed the events of late January, among other topics, on Thursday in a Q&A session as part of the 2021 Securities Enforcement Forum...

ICYMI: Craig Glidden’s new role, effective June 1, comes as GM transitions to making all-electric light-duty vehicles in...
05/23/2021
GM Legal Chief Steps Up to Oversee Global Public Policy Issues | Corporate Counsel

ICYMI: Craig Glidden’s new role, effective June 1, comes as GM transitions to making all-electric light-duty vehicles in the U.S. by 2035, and becoming a carbon-neutral company by 2040. https://www.law.com/corpcounsel/2021/05/18/gm-legal-chief-steps-up-to-oversee-global-public-policy-issues/

Craig Glidden takes on a new role as GM transitions to making all-electric vehicles and focuses on building partnerships with global leaders and...

ICYMI: In the not-too-distant past, it would’ve been unheard of for a GC to take a public stance on virtually any issue—...
05/22/2021
Spotify Chief Lawyer's Takedown of Apple Highlights Evolution of GC Role | Corporate Counsel

ICYMI: In the not-too-distant past, it would’ve been unheard of for a GC to take a public stance on virtually any issue—much less publicly blast a rival’s business practices. But much has changed in the last several years. https://www.law.com/corpcounsel/2021/05/19/spotify-chief-lawyers-takedown-of-apple-highlights-evolution-of-gc-role/

In the not-too-distant past, it would’ve been unheard of for a GC to take a public stance on virtually any issue—much less publicly blast a rival’s...

ICYMI: Taking over as CNA’s GC on June 28 is Susan Stone, who had been general counsel of Marsh LLC, Marsh McLennan’s in...
05/22/2021
Insurance GCs Play Musical Chairs as CNA, Marsh Appoint New Legal Leaders | Corporate Counsel

ICYMI: Taking over as CNA’s GC on June 28 is Susan Stone, who had been general counsel of Marsh LLC, Marsh McLennan’s insurance broking and risk management business. https://www.law.com/corpcounsel/2021/05/17/insurance-gcs-play-musical-chairs-as-cna-marsh-appoint-new-legal-leaders/

Two giants in the insurance and risk management space announced big change in their legal departments Monday.

"The legal industry, with rare exceptions such as data discovery, has functioned in a bubble. ... But, for better or wor...
05/21/2021
The Secret Life of Lawyers: Legal Comes Under the Digital Microscope | Corporate Counsel

"The legal industry, with rare exceptions such as data discovery, has functioned in a bubble. ... But, for better or worse, and whether lawyers like it or not, with the advent of the Digital Transformation revolution, the Legal isolation bubble has finally burst." https://www.law.com/corpcounsel/2021/05/20/the-secret-life-of-lawyers-legal-comes-under-the-digital-microscope/

For better or worse, and whether lawyers like it or not, with the advent of the Digital Transformation revolution, the Legal isolation bubble has...

Joseph Salama, who was the bank’s U.S. general counsel, will become the global head of anti-financial crime as well as i...
05/21/2021
As Regulators 'Vigilantly Monitor' Deutsche Bank, US GC Moves Into Global Anti-Crime Role | Corporate Counsel

Joseph Salama, who was the bank’s U.S. general counsel, will become the global head of anti-financial crime as well as its group anti-money laundering officer, effective July 1. https://www.law.com/corpcounsel/2021/05/20/as-regulators-vigilantly-monitor-deutsche-bank-us-gc-moves-into-global-anti-crime-role/

Deutsche Bank's Joseph Salama was critical in negotiating settlements with global regulators on the bank's behalf, the bank’s chief administrative...

Ensure that diverse perspectives are sought and heard in your horizon scanning and from that of your advisors. This miti...
05/21/2021
How Horizon Scanning Can Maximize Your Value and Influence Within the C-Suite | Corporate Counsel

Ensure that diverse perspectives are sought and heard in your horizon scanning and from that of your advisors. This mitigates against group think and enriches your perspectives on value creation and protection. https://www.law.com/corpcounsel/2021/05/20/how-horizon-scanning-can-maximize-your-value-and-influence-within-the-c-suite/

When done well, horizon scanning acts as a catalyst to bring together diverse perspectives. It challenges assumptions and helps shift mindsets to...

Insights from GCs into their succession plan and the key steps that they take to ensure rising leaders can step into the...
05/21/2021
Law Firms or ALSPs? Legal Departments Aren't Factoring Money Into Their Answer | Corporate Counsel

Insights from GCs into their succession plan and the key steps that they take to ensure rising leaders can step into their shoes at any given moment. https://www.law.com/corpcounsel/2021/05/20/succession-planning-insights-from-global-general-counsel/

Legal Decoder's “ALSPs and Business of Law” webinar examined the volume-centric decision matrix that often determines whether legal departments...

While the corporate legal insourcing trend may already be straining under the weight of increasing workloads and only mo...
05/21/2021
Law Firms or ALSPs? Legal Departments Aren't Factoring Money Into Their Answer | Corporate Counsel

While the corporate legal insourcing trend may already be straining under the weight of increasing workloads and only modest head count growth, stakeholders may still be prone to evaluating what they can accomplish in-house before pushing work out to an external provider. https://www.law.com/corpcounsel/2021/05/20/law-firms-or-alsps-legal-departments-arent-factoring-money-into-their-answer/

Legal Decoder's “ALSPs and Business of Law” webinar examined the volume-centric decision matrix that often determines whether legal departments insource or outsource work as well as how and when law firms and ALSPs fit into the picture.

In his May 17 op-ed, Gutierrez urged Congress to “pursue urgent, narrowly tailored updates to American antitrust law” to...
05/20/2021
Spotify Chief Lawyer's Takedown of Apple Highlights Evolution of GC Role | Corporate Counsel

In his May 17 op-ed, Gutierrez urged Congress to “pursue urgent, narrowly tailored updates to American antitrust law” to stop Apple and its app store from hamstringing app developers and companies with fees and “anti-steering” provisions. https://www.law.com/corpcounsel/2021/05/19/spotify-chief-lawyers-takedown-of-apple-highlights-evolution-of-gc-role/

In the not-too-distant past, it would’ve been unheard of for a GC to take a public stance on virtually any issue—much less publicly blast a rival’s...

“We have had the good fortune to work extensively with Bradley Gayton during his nearly 30 years at Ford Motor Company, ...
05/20/2021
Bradley Gayton Joins Board of Publicly Owned Tax Tech Company Vertex Inc. | Corporate Counsel

“We have had the good fortune to work extensively with Bradley Gayton during his nearly 30 years at Ford Motor Company, where he had an outstanding career and helped to shape a culture of innovation,” said Vertex CEO David DeStefano. https://www.law.com/corpcounsel/2021/05/19/bradley-gayton-joins-board-of-publicly-owned-tax-tech-company-vertex-inc/

Gayton, who recently resigned as GC of The Coca-Cola Co., was previously GC at Ford Motor Co., where he had also held roles focused on tax law.

"Those who are willing to take risks will hopefully succeed and be rewarded for that risk. There is no reason why a grou...
05/20/2021
A Law Firm Associate's Next Career Stop? A Startup's Law Department | Corporate Counsel

"Those who are willing to take risks will hopefully succeed and be rewarded for that risk. There is no reason why a group of less seasoned attorneys but still highly capable risk-takers should be frozen out of the startup ecosystem." https://www.law.com/corpcounsel/2021/05/19/a-law-firm-associates-next-career-stop-a-startups-law-department/

A former Wilson Sonsini associate who is now general counsel at a software company says midlevel associates are a perfect match for early startups.

Thankfully, a growing range of service providers now make myriad off-the-shelf solutions available that can help organiz...
05/19/2021
How to Manage Digital Transformation and IT Security at Scale | Corporate Counsel

Thankfully, a growing range of service providers now make myriad off-the-shelf solutions available that can help organizations and legal departments remain at the forefront of software development. https://www.law.com/corpcounsel/2021/05/17/how-to-manage-digital-transformation-and-it-security-at-scale/

A three-step approach, focusing on (1) automated software testing (2) built-in code composition analysis and (3) detailed skills training (i.e....

Very few of us will ever handle a project where money is no object. Even in bet the farm cases, money matters to the cli...
05/18/2021
GC to Outside Counsel: Give Me a Realistic Budget Early On and Meet It | Corporate Counsel

Very few of us will ever handle a project where money is no object. Even in bet the farm cases, money matters to the client, so it matters to the GC, who will be internally accountable. https://www.law.com/corpcounsel/2021/05/17/gc-to-outside-counsel-give-me-a-realistic-budget-early-on-and-meet-it/

Your roles as a GC include being a budget holder and a strategic adviser to the business. External counsel can support you in both of these areas....

Taking over as CNA’s GC on June 28 is Susan Stone, who had been general counsel of Marsh LLC, Marsh McLennan’s insurance...
05/18/2021
Insurance GCs Play Musical Chairs as CNA, Marsh Appoint New Legal Leaders | Corporate Counsel

Taking over as CNA’s GC on June 28 is Susan Stone, who had been general counsel of Marsh LLC, Marsh McLennan’s insurance broking and risk management business. CNA announced the appointment Monday afternoon.

https://www.law.com/corpcounsel/2021/05/17/insurance-gcs-play-musical-chairs-as-cna-marsh-appoint-new-legal-leaders/

Two giants in the insurance and risk management space announced big change in their legal departments Monday.

“Our hiring has been on fire,” said Katie Biber, Brex’s San Francisco-based chief legal officer. “We’re a hyper-growth f...
05/18/2021
How Fintech Unicorn Brex Doubled Its Legal Department Amid Pandemic | Corporate Counsel

“Our hiring has been on fire,” said Katie Biber, Brex’s San Francisco-based chief legal officer. “We’re a hyper-growth fintech company and we’re heavily regulated. So lawyers are a critical part of our growth.”

https://www.law.com/corpcounsel/2021/05/17/how-fintech-unicorn-brex-doubled-its-legal-department-amid-pandemic/

“Our hiring has been on fire,” said Katie Biber, Brex’s San Francisco-based chief legal officer.

Legal operations functions often begin as a tactical investment to rein in costs and find immediate efficiencies, rather...
05/18/2021
How 2 Legal Ops Leaders Got the GC's Ear | Corporate Counsel

Legal operations functions often begin as a tactical investment to rein in costs and find immediate efficiencies, rather than a strategic investment that helps the legal department get to a higher state, said Kirsten Taitelbaum, head of legal operations at DaVita Inc. in El Segundo, California.

“I think broadly of tactical as getting stuff done. Where strategy comes in for me is ‘Are you getting the right stuff done?’” she explained.

https://www.law.com/corpcounsel/2021/05/17/how-2-legal-ops-leaders-got-the-gcs-ear/

When you think about strategic operations, it is not a series of transactional interactions it is also a series of relational interactions, Todd...

Under the revised standard, law schools would have to provide training on bias, racism and cross-cultural competency at ...
05/18/2021
ABA Pushes Forward With Racism Training Requirement for Law Schools | Corporate Counsel

Under the revised standard, law schools would have to provide training on bias, racism and cross-cultural competency at the beginning of their law school careers, and at least one other time after that. https://www.law.com/corpcounsel/2021/05/17/aba-pushes-forward-with-racism-training-requirement-for-law-schools/

A requirement that law schools train students in bias, racism and cross-cultural competency is among a slate of changes to the law school...

Linklaters said Monday that it has hired two former federal prosecutors most recently in Prudential Financial’s legal de...
05/18/2021
Linklaters Taps Prudential's Legal Department to Launch US Privacy Practice | Corporate Counsel

Linklaters said Monday that it has hired two former federal prosecutors most recently in Prudential Financial’s legal department for a new U.S. data solutions, cyber and privacy practice, as client demand for cybersecurity work remains brisk.

https://www.law.com/corpcounsel/2021/05/17/linklaters-taps-prudentials-legal-department-to-launch-us-privacy-practice/

Erez Liebermann built out one of the first global cybersecurity and privacy legal teams in the financial services sector at Prudential.

What exactly does a CISO bring to the table? It likely comes down to the value of having a point person at the firm who ...
05/18/2021
In-House Likes a CISO, but Not More Than Good Law Firm Cybersecurity | Corporate Counsel

What exactly does a CISO bring to the table? It likely comes down to the value of having a point person at the firm who a GC or other business stakeholders can easily converse with about any number of highly technical security-related concerns. https://www.law.com/corpcounsel/2021/05/17/in-house-likes-a-ciso-but-not-more-than-good-law-firm-cybersecurity/

Putting a CISO on staff may help law firms send a message to clients that they take cybersecurity seriously, but it's also not a surefire way to lose—or win—business from clients.

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