Description

General counselors work in the business world as the main legal advisers for their respective companies. If a company specializes in a particular type of industry, such as manufacturing, their general counsel will likely be a specialist or have prior experience in the types of law that may be especially applicable to that company. For instance, an insurance company may want to hire a general counsel who is already experienced with insurance fraud law.General counselors may handle a variety of different legal matters including copyright management and infringement, claims against the company or providing advice on the legal recourse or ramifications from a particular course of action. A large amount of the time, a general counsel attorney will be spending their time with the board of directors or executives of a company because it is to these individuals with whom the general counsel directly works.Since general counselors carry a great deal of legal burden, there are a large number of requirements to become a general counsel. First and foremost, a degree from a nationally certified law school is absolutely necessary. In addition, most companies ask or require that their general counsel have previous experience representing clients for a number of years based on the size and prestige of the organization. As with many legal positions, most general counselors work Monday through Friday, but they can have very long hours outside of the usual 9-5 time slot depending on their job requirements.

Roles & Responsibilities

As a General Counsel with 3-6 years of experience in Australia, your main responsibilities include:

  • Drafting and reviewing legal agreements, contracts, and policies to ensure compliance with local and national regulations.
  • Providing legal advice and guidance to senior management on various business matters, including corporate governance, risk management, and strategic decision-making.
  • Managing and overseeing litigation matters, including working with external counsel and representing the company in court proceedings.
  • Conducting internal investigations and audits to identify potential legal risks and develop proactive measures to mitigate them.

Qualifications & Work Experience

For a General Counsel, the following qualifications are required:

  • Juris Doctor (J.D.) degree from an accredited law school and admission to the relevant state bar. This ensures a strong foundation in legal principles and qualifies the candidate to practice law.
  • Extensive experience in corporate law and legal counsel role. This includes a deep understanding of corporate governance, contracts, intellectual property, regulatory compliance, and litigation management.
  • Strong analytical and problem-solving skills to assess complex legal issues, identify risks, and provide sound legal advice to support strategic decision-making.
  • Excellent communication and interpersonal skills to effectively interact with internal stakeholders, executive management, external legal teams, and regulatory authorities.

Essential Skills For General Counsel

1

Legal Research

2

Strategic Negotiations

3

Corporate Governance

Skills That Affect General Counsel Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Legal Research

1%

Strategic Negotiations

9%

Corporate Governance

9%

Career Prospects

For a General Counsel job role with 3-6 years of work experience in Australia, there are several alternative roles to consider. Here are four options:

  • Compliance Officer: A role that focuses on ensuring organizational compliance with laws and regulations, developing policies, and conducting internal audits.
  • Legal Consultant: A position where you can provide legal advice and guidance to clients, work on various legal projects, and assist in contract negotiations.
  • Contracts Manager: A role that involves managing the contract lifecycle, reviewing and drafting agreements, and ensuring compliance with contractual obligations.
  • Risk Manager: A position focused on identifying and mitigating risks, developing risk management strategies, and implementing risk assessment processes.

How to Learn

The job role of General Counsel in Australia is projected to experience significant growth in the market. According to a 10-year analysis, there is a high demand for professionals in this field. With the increasing complexity of legal issues faced by companies, the need for General Counsels has been steadily increasing. Google's latest data points indicate that the job prospects for General Counsels will continue to expand in the future, creating numerous employment opportunities. This growth can be attributed to the evolving legal landscape and the crucial role General Counsels play in providing legal guidance and ensuring compliance within organizations.