Speculations on the demise of Big Law have been making headlines lately, but no where so prominently as in Canada, where the seventh-largest firm in the country, Heenan Blaikie, recently folded. Attorney-turned-journalist Alec Scott, in The Globe and Mail, recently took up the issue in a lengthy article, and he had some interesting things to say about in-house counsel’s role in the changing legal landscape.
“[O]ne of the shifts under way in corporate law is a movement in power from outside counsel to inside,” Scott writes. He tells the story of the Royal Bank of Canada’s current general counsel, who left a partnership role at a prestigious firm to take the GC spot. In 1998, when he made the move, David Allgood told Scott it wasn’t a common one: “It used to be like they said of teaching, those who could, did … those who could succeed downtown did and stayed down there.” But now, it’s prevalent.
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