Corporate Counsel: Whittaker's world
Working at the Financial Services Authority provides a unique set of challenges for general counsel. Ed Thornton speaks to its legal head, Andrew Whittaker, about the different approaches private practice firms and in-house lawyers have towards regulation, lifestyle choices and the merits of principle-based regulation
While not necessarily the best of friends, it would be fair to say the Financial Services Authority (FSA) and in-house lawyers have traditionally got on well. In a Legal Week Benchmarker survey last year, 71% of in-house lawyers said the organisation was an effective regulator, while a further 20% described it as highly effective.
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