Christine Lagarde, the first woman to lead Baker McKenzie, notched another career milestone Tuesday when she was tapped as the first lawyer to serve as the next president of the European Central Bank.

Lagarde, 63, is poised to be the first woman and the first non-economist to lead the bank, which sets monetary policy for the Eurozone. She has served as the managing director and chairwoman of the International Monetary Fund since 2011.