Navigating the corporate legal arena often brings companies face-to-face with a critical choice: lean on internal counsel or hire external counsel? As businesses grapple with increasingly complex legal requirements, understanding the financial and strategic nuances of each option becomes paramount.Cost-Effectiveness of Internal CounselThe most obvious advantage of internal c...
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The Financial Benefits of Using Internal Counsel Over External Counsel for Routine Legal Matters
about 1 month ago -
Is it time to pivot in your legal career?
about 1 month agoTransitioning from your current role demands thoughtful consideration. However, certain red flags in your professional life might indicate a need for a fresh start. These may include feeling burned out, waning passion for your role, or feeling restricted due to a lack of growth opportunities.If these resonate, perhaps you've already started searching for new roles – online o...
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Data Breaches - The Rising Significance of In-House Legal Departments
about 1 month agoIn today's digital world, where vast amounts of sensitive data are processed and stored online, data breaches have become a growing concern for corporations, consumers, and regulators alike. The repercussions of a data breach are not limited to the immediate financial damage but extend to reputational harm, loss of trust, and regulatory penalties. Against this backdrop, the ...
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The Importance of Hiring a General Counsel When Expanding Your Business to New Jurisdictions
about 1 month agoExpanding your business across state or international borders can be an exhilarating move. It promises new markets, diverse clientele, and increased revenues. However, it's not just about opening a new branch or launching a new product; it's about understanding and adhering to a myriad of laws and regulations specific to each jurisdiction.Here's why hiring a dedicated Genera...
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General Counsels: The Rising Stars in Boardroom Selections
about 1 month agoIn the ever-evolving corporate world, the hunt for board members who are not just strategic thinkers but also astute in legal, regulatory, and technology matters is intensifying. Against this backdrop, General Counsels (GCs) are emerging as attractive candidates for board seats. At Larson Maddox, we will explore why, in an era marked by heightened regulatory scrutiny and the...
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What to Look for When Recruiting In-House Counsel Talent
2 months agoThe journey of in-house counsel is one of change, growth, and increasing complexity. As businesses have become more globalized and regulations more intricate, the need for specialized, in-house legal expertise has grown exponentially. But what should you look for when recruiting in-house counsel talent?The Journey of In-House CounselHistorically, many companies outsourced th...
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Is a Move In-House for You? Navigating the Shift from Law Firm to Corporate Counsel
2 months agoFor many attorneys, the question inevitably arises during their career: should I make the move from a law firm to an in-house position? The allure of potentially better work-life balance, the chance to delve deep into a specific industry, and the desire to be at the forefront of business decisions can make the in-house route appealing. However, this transition isn't for ever...
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The Growth of Litigation Attorneys in the US and the Rise of Litigation Funding
2 months agoIn the intricate tapestry of the US legal system, the rise of litigation attorneys and the booming world of litigation funding have created ripples that are changing the face of legal disputes. In this article, Larson Maddox delves into the landscape of US litigation, its attorneys, and how the surge in litigation funding is influencing the future of legal battles as well as...
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The rise of AI in the Regulatory & Legal industry
8 months agoAn AI tool passed the bar – what does this mean for you, and what is the wider impact to the legal & regulatory space? GPT-4, the AI model from OpenAI, scored enough on a bar exam to be admitted to practice law in most of the US states. This has raised many questions about the future of the legal & regulatory industry, including how AI could impact not just roles and career ...
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The Changing Dynamics of Diversity & Inclusion
9 months agoHow can those in the Regulatory & Legal industry promote a culture of equality? At Larson Maddox we believe that a truly meritocratic workforce values talent from all backgrounds, and that organizations flourish when they embrace diversity.Various research studies have proven that having a diverse workforce can lead to increased innovation and productivity, and we believe t...
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Compensation in Consumer Goods for Legal Professionals
about 1 year agoWondering how to secure and retain the best talent? Or are you curious to find out whether your pay aligns with the expected salary for your level of experience? In the world of fast-moving consumer goods, employing and utilizing the best Legal teams is crucial for success. Competitive compensation packages are therefore vital in attracting the right people in today’s candid...
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How to negotiate a salary you deserve
over 1 year agoWhen seeking a new job, it’s imperative to know the market, understand where you fit within it, and form a realistic salary expectation to stick to. A good talent partner will help you to know your worth within the industry and organization you’re interviewing for and will assist with communicating those expectations back to the hiring manager, but no one is a better advocat...
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Legal Compensation Trends in Life Sciences
over 1 year ago​The team at Larson Maddox has compiled an exclusive report that puts legal compensation trends in the Life Sciences sector under a microscope. Designed to assist business leaders in their Legal talent endeavors and challenges, our report features a detailed breakdown of in-house compensation figures in higher vs lower cost of living areas, years of experience, and bonus ra...
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Legal Compensation Trends in Financial Services
almost 2 years ago​2022 is shaping out to be one of the most active job markets we have seen in a decade. While we witnessed a sharp decline in hiring from the onset of the global pandemic, activity has markedly increased this year.​Many businesses ramped up their hiring efforts to coincide with the economic bounce back, and to accelerate the pace of their own growth by bringing in highly ski...
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Technology Legal Market Update 2021
almost 2 years agoThroughout the unprecedented and historic year that categorized 2020, we witnessed movements in all industries when it comes to the ever-changing Legal recruitment market. After a year of a hiring standstill, 2021 by comparison saw the demand for Legal talent grow rapidly and talent came to the forefront of many firms' priorities. As the market continues to become even more...
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Advancing Women of Color in Regulatory and Legal
over 2 years agoThe majority of leaders within Regulatory and Legal state that diversity is a business priority – 90% of CEOs report it is their most important one according to McKinsey & Company. Yet, little progress has been made in recent years and women, particularly women of color, remain underrepresented at the top.  In this article, we explore the current ‘state of the union’ for wo...
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