With compliance and regulatory issues at the top of the corporate agenda, UK law firms are following the US lead and starting to review the need to appoint a firm-wide general counsel. Mary Mullally surveys the issues confronting City firms and the reasons behind the move to give law firms their own corporate counsel
August 04, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Law firms are increasingly bringing in general counsel to advise as risk and compliance issues escalate. And a new breed of general counsel is emerging – that of adviser to the adviser.
Last week, Shearman & Sterling became the latest US law firm to create a new firm-wide general counsel role with the appointment of former general counsel to KPMG International John Shutkin.
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