Chief Legal Officer
According to findings published by the bureau of labor statistics the overall demand for lawyers which includes legal officers is rising by 6 percent.
Chief legal officer. The difference between general counsel and chief legal officer question. The chief legal officer is the head of the corporate legal department and is responsible for the legal affairs of the entire corporation. The chief legal officer of the company oversees all legal operations of the company.
The chief legal officer is a trusted business advisor operating in an executive role at the highest levels of most companies. In a company the person holding the position typically reports directly to the ceo and their duties involve overseeing and identifying the legal issues in all departments and their interrelation including engineering design marketing. The general counsel is primarily an advisor who aims to limit the.
This role includes providing legal counsel to the board of directors chairman of the board chief executive officer and other senior management. A chief legal officer clo is a legal executive appointed to govern a firm s legal department lead in house attorneys provide direction on major legal and regulatory issues and work to. As the head lawyer they are paid a premium salary which according to the bureu of labor statistics bls can be as high as 187 199 90th percentile in 2013 or more depending on the industry.
Chief legal officers or general counsels are chief lawyers and have the responsibility of overseeing every legal aspect of a business or law firm. The chief legal officer is a top executive who works with other chief executives to make business decisions promoting growth. He advices the high level officials in policy making and formulating strategies regarding the future of the company.
The role of today s chief legal officer clo is complex demanding much more than legal operations expertise. Are there any other considerations to consider. An early career chief legal officer with 1 4 years of experience earns an average total compensation includes tips bonus and overtime pay of 140 000 based on 13 salaries.
General counsel i understand generally that clo is the more modern term and cements the c suite importance of the position. He reviews reports presented by legal managers and makes decisions regarding various legal aspects ranging from lawsuits to corporate contracts. They typically report to upper level members of staff such as the chief legal officer while simultaneously leading and supervising a team of lower level legal staff.