What is higher than general counsel?

• Chief Legal Officer. ...
• General Counsel. ...
• Deputy General Counsel. ...
• Chief Compliance Officer. ...
• Chief Intellectual Property Counsel. ...
• Assistant General Counsel or Associate General Counsel (AGC) ...
• Legal Director/Head of Legal. ...
• Senior Legal Counsel.

What is the 3 highest position in a company?

3. Chief Financial Officer (CFO) The chief financial officer is a senior executive who manages the financial actions of a business. A CFO plays an important role in the company's strategic initiatives and is generally considered the highest financial position and the third-highest position in a company.

What is another title for general counsel?

A Chief Legal Officer is a broader role that incorporates the traditional responsibilities of a GC, while often having wider additional strategic and executive duties.

Is general counsel prestigious?

General counsel positions are highly sought-after and involve a lot of responsibility, so those with the right mix of attributes generally land the best positions first. These personality traits include: Sound judgment and the ability to evaluate options fairly. Leadership and a visionary quality.

Who does general counsel report to?

While it seems best practice today that the GC has a direct reporting line to the CEO he must have the right to bring controversial issues to the Chairman or individual board members without the prior consent of the CEO.

Is general counsel considered C-suite?

Being a general counsel attorney is a tough job, but it can also be a rewarding one. It is most rewarding when your colleagues in the C-suite see you as a peer and not just an order-taking lawyer.

What is the general counsel level?

The title "General Counsel" is often bandied about, yet, how it is perceived and the responsibilities attributed to it can vary wildly from one organization to another. In some companies, the General Counsel is a senior legal executive who operates at the highest level.

What is the highest lawyer rank?

The highest level in a law firm is typically the senior partner, who has significant control over the firm's operations, strategic direction, and client management.

What is the difference between general counsel and corporate counsel?

General Counsel handles court negotiations, conveys legal advice to the executives, manages the legal team and oversees compliance regulations. The CLO is a C-Suite position that acts as a linchpin between the business and legal teams.

Is General Counsel the same as head of legal?

The general counsel (GC) or head of legal role is a major career milestone and a possible stepping stone to other senior legal roles or wider general management. When you are new to the role, your in-tray will be brimming with legal and management matters.

How hard is it to be a general counsel?

First, you must decide whether you are truly interested in the job. Being “the boss” sounds good, but being general counsel is a tough job and involves a lot of long hours — and a lot of pressure. You must make critical decisions with little time and sparse facts.

How high ranking is the attorney general?

The Attorney General is also a statutory member of the Cabinet of the United States and a member of the United States National Security Council. Additionally, the Attorney General is seventh in the presidential line of succession.

Can you have two general counsels?

At many other companies, go one level down, and you may see additional “GCs.” This is because if a company has operating subsidiaries, it may designate the top legal officer for each of those operating subsidiaries as a General Counsel. It may also grant the GC title to legal heads of lines of businesses.

Does general counsel have to be a lawyer?

While all general counsels are lawyers, not all lawyers are general counsels. Lawyers may work in a variety of legal roles, including in private practice, government, or nonprofit organizations.

What is the difference between a GC and a CLO?

The CLO has significant authority in making decisions related to legal and compliance matters. They have the power to influence major business decisions and are involved in the highest levels of corporate governance. The GC's decision-making authority is mainly within the legal department.

Who is the highest paid general counsel?

The highest paid GC in the S&P 500 last year was Kent Walker at Alphabet, who received total compensation of $27.3 million, followed by Apple's Kate Adams ($26.9 million), Blackstone's John Finley ($17.9 million), Booking Holdings' Peter Millones ($15.5 million) and Broadcom's Mark Brazeal ($15.4 million).

Do general counsels go to court?

Depending on the stakes (or the number of lawyers in the department) who goes can vary; when the risks are high, that's when the general counsel herself needs to find a seat in the courtroom every day.

Is there a ranking system for lawyers?

"The Martindale-Hubbell rating system is a valuable tool for identifying excellent lawyers of high ethical standards, and has long been my primary source for referral of matters to first-class lawyers," said William Reece Smith, Jr., partner at Carlton Fields.

What is the highest title for a lawyer?

Law Firm Partners

The pinnacle of the law firm hierarchy is the partners of the firm. Law firm partners play a significant role in law firm management and business. Attorneys who are seasoned not only possess extensive legal knowledge. But also play a major role in a firm's business or capital.

Is general counsel a high position?

A general counsel is not merely the corporate head of the legal function, but also a top business leader with a broad and varied array of responsibilities.

What is the highest position for a lawyer in a company?

Managing partners.

Managing partners of a law firm are the highest officials of the firm. These consist of senior-level lawyers or founders of the firm. This is the position most lawyers are gunning for when they take a job at a law firm, however, it typically takes many years of hard work and dedication to obtain it.