Increased Risks for GCs
This past year presented some tough issues for in-house counsel, and 2007 will likely continue to present liability risks according to this post from Wired GC. Quoting from an article by Susan Friedman in New York Law Journal, Wired GC writes:
Of note, according to Ms. Marsh, are these issues:
In 2006 in-house attorneys were confronted with a myriad of potential exposures, many of which will continue through 2007 and beyond. The highlights of 2006 included: §307 of SOX, backdating stock options, new rules of federal civil procedure regarding electronically stored information, the McNulty Memorandum, Federal Rule of Evidence 502, liability to outside third parties, investigating boardroom leaks, and multi-jurisdictional practice and licensing.
With all of these traps, are in-house counsel positions still regarded as attractive alternatives to law firm life?
Posted by Carolyn Elefant on February 23, 2007 at 07:52 PM | Permalink
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