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Beyond compliance: Why your law firm needs a general counsel

Law firms that have general counsel are better placed to succeed in the new legal market, says James Penn

24 April 2015

The law firm general counsel is
a relatively new concept within
UK law firms, having only evolved
over the past 10 years. Most of the top
20 firms have appointed a GC, but the position is by no means entrenched;
few firms outside this group have yet
to make such an appointment.

While all firms are now required to appoint a compliance officer for legal practice (COLP) who has overall responsibility for the firm's risk systems
and controls, there is no formal requirement for law firms to appoint general counsel. Most firms will, however, have a number of staff covering elements of the general counsel's role. They will share responsibility for areas as diverse as claims and complaints, data protection, conflicts management and anti-money laundering controls, as well as more commercial issues around client...

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