The Inside Job: Working as an In-house Lawyer
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About this ebook
The Inside Job is aimed at corporate counsel and in-house lawyers – General Counsel, Head of Legal and experienced in-house lawyers by whatever title. It is especially relevant for lawyers new to an in-house role or considering a move in-house, whether immediately or as part of a longer-term career development plan.
The Inside Job covers the key elements of an in-house legal role: (1) From the outside looking in; (2) The view from inside; (3) Privilege and ethics; (4) Legal risk and compliance; (5) Soft skills. It shows how legal skills acquired in private practice must be adapted to the imperatives of the business and how specialist legal knowledge is often less important than a broader understanding of the business implications of particular actions.
It also will be of interest to lawyers in private practice as well as legal executives, company secretaries and those in associated functions, such as compliance.
Patrick Ambrose
Patrick Ambrose is an Irish-qualified lawyer specialising in financial services law. His experience includes investment funds, transactional banking, treasury, derivatives, capital markets and financial services regulation. He holds a degree in business and finance from University College Dublin and lectures at the Law Society of Ireland on topics ranging from prudential regulation to consumer legislation. He is a member of the Law Society of Ireland’s In-house and Public Sector Committee, the Committee of Public Lawyers Association and the Legal Committee of the Irish Banking Federation. He is also a pro bono director at not-for-profit arts company Pallas Studios Limited and has published articles in a number of journals and publications on topical areas of financial services. At the time of publication, he works as a Legal Advisor at Bank of Ireland in Dublin, Ireland.
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The Inside Job - Patrick Ambrose
Author
INTRODUCTION
I undertook this book first and foremost to improve my own understanding of the role: what it really meant to be an in-house lawyer, what were the unique aspects of the role that differentiated it from private practice, and what challenges in-house lawyers faced that would not be transparent to colleagues in other parts in the organisation or in law firms. The intention of this book, therefore, is to share thoughts, create awareness about the role and generally to promote the function of in-house lawyer.
In this book the term ‘in-house lawyer’ is used in the broadest sense to include also corporate counsel and lawyers employed in government, public sector, charities and other non-corporate entities. For the same reason reference is made throughout to ‘organisation, ‘entity’ or ‘employer’ rather than ‘company’, while the term ‘business’ is used in the broadest sense to refer the activities of the organisation in pursuit of its objectives.
This book is aimed at corporate counsel and in-house lawyers in public sector by whatever title, not only General Counsel and experienced in-house lawyers but also those new to an in-house role. It will be of interest also to those in private practice who wish to learn more about the challenges their clients face and, in particular, those considering a move in-house. And some of the chapters in this ebook will be of interest to legal executives, company secretaries and those in associated functions, such as compliance.
Many of the concepts referred to in this book have been applied for many years by my contemporaries and, indeed, those who have preceded us, but where possible I have sought to adapt, modify and extend those concepts specifically to the role of the modern in-house lawyer. In expressing these views, however, I humbly acknowledge that I am standing on the shoulders of giants.
The metaphors, similes and allegories used in this book serve a dual purpose. First, they assist in presenting serious subject matter in an intentionally light and engaging way and, second, they act as a form of mnemonic to translate information into a form that the human brain can retain better than mere instruction.
This book is structured in five separate parts so that chapters on a similar theme are grouped together; however, the chapters do not need to be read in order. Similarly, the chapters are not intended to be read at one sitting and, despite their light tone, the concepts behind them merit pause for further contemplation by the reader.
Some of the chapters in this ebook have been published as articles in professional journals and others are scheduled for publication. Those that have not been published were written as their own reward.
Patrick Ambrose
Dublin
May 2013
PART 1:
FROM THE OUTSIDE LOOKING IN
1: THE GRIMM REALITY OF THE FAIRY-TALE JOB
For most Western readers, Jacob and Wilhelm Grimm are considered the founders of the modern fairy tale. Their first edition of Kinder und Hausmärchen (Children’s and Household Tales) was published in 1812 as a collection of enchanting tales, some of which had very brutal storylines. However, by the seventh and final edition in 1857, the stories had been toned down to suit a respectable middle-class audience, and today the Disney versions of these tales that are universally familiar have been bleached of the impassive horror of the originals.
Many lawyers hold the view that an in-house role is a fairy-tale job of 9 to 5, stability, and work-life balance. The reality can be very different and, like any role, there are drawbacks that may make it an unsuitable career path for some. This chapter dispels some of the myths about going in-house and highlights points to consider before deciding whether it is the right career move for you.
Poisoned apples and oranges
In the tale of Snow White that we are all familiar with, a wicked stepmother orders a huntsman to kill Snow White and bring her heart back as proof, but the huntsman cannot bring himself to do the evil deed and returns with the heart of a boar. However, in the original Brothers Grimm version, the huntsman is sent by Snow White’s jealous mother (not her stepmother) to bring back her lungs and liver, which she plans to cook and eat. The original tale also includes her mother’s punishment: she is forced to dance at Snow White’s wedding in red-hot iron shoes until she drops dead.
Every career choice involves trade-offs; this is true whether you move in-house or stay in private practice. Certainly, there can be gruelling demands on practitioners in private practice, with long working hours, time recording, and a pressure to generate business that is only likely to increase the longer you stay at a firm. However, law firms are increasingly open to flexi-time, reduced hours, or telecommuting for valued lawyers and, just as being in private practice does not necessarily mean an unreasonable grind, an in-house position does not necessarily mean a life free from pressure. Today, lawyers with sophisticated practices work hard whether in private practice or in-house, and, increasingly, many in-house departments are run like law firms where different departments within the organisation are considered clients and in-house lawyers must record how they spend their time. And, with budgets being squeezed, more pressure is being put on in-house lawyers to keep work in-house rather than to seek external legal advice.
One of the biggest challenges for the novice in-house lawyer is learning to tailor advice to fit the business, as this will go against many years of training at your law firm to advise clients cautiously. Unless you move to an organisation with a large legal department, you may need to become a generalist, as opposed to the specialist you may have been at the law firm, and, as a result, moving back to a law firm can be difficult. In addition, unlike law firms where the lawyers are the producers, in-house lawyers are a cost to the business and it can be a difficult task to explain your value, particularly where protecting the organisation’s best interests may mean telling business people that they cannot do what they want to do.
Does the shoe fit?
The beautiful Cinderella is swept off her feet by a handsome prince, despite the efforts of her wicked stepmother and ugly stepsisters. In the more sinister version by the Brothers Grimm, the stepsisters are told by their mother to cut off their toes and the heels of their feet until the slipper fits, but the plan is discovered when blood pours from the shoe.
Not all in-house jobs are the same. You may be working in a large legal department with a wide range of lawyers or you may be in a small organisation as the sole point of contact for all legal queries, but it is largely a matter of personality and working style as to which suits you. There is likely to be more mentoring in a large legal department but, on the other hand, you may not have as much responsibility as you would like or can handle. Conversely, in a smaller legal department, a