SEAN DOHERTY WAS a 36-year-old associate at Ropes & Gray when he got a job offer from the private equity firm Bain Capital in 2005. Doherty was a deal lawyer, which was important to Bain executives, but they weren’t looking for someone to advise them on deals. Bain had decided, after 21 years in business, that it was time to hire its first in-house lawyer.
As Boston-based Bain grew it now has $40 billion under management and business continued to steamroll across borders of eight offices, two are in Europe and three in Asia, transactions had become more complicated. That was partly why managing director Mike Goss started thinking about adding an attorney to the roster. He also had a personal reason for wanting a lawyer down the hall. At the time he was Bain’s CFO, “and I felt like I was practicing law, in the absence of a chief legal officer,” he says. “A lot of things fell on my plate that probably could have been handled more skillfully by an attorney,” notes Goss, now Bain’s chief operating officer.
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