As Facebook's IPO transforms the social network from a private venture to a publicly held corporation, general counsel Ted Ullyot's role is about to undergo its own metamorphosis -- both in terms of the disclosure and governance responsibilities that fall to the GC of a public company, as well as the intense scrutiny that Facebook will encounter as it begins trying to meet its new investors' mega-growth expectations. The general counsel and his fellow executives "will really feel like they're in a fishbowl," says Dan Cooperman, former general counsel of Apple.