Corporate CounselJob Description, Salary, Career Path, and Trends
Attorneys who serve as corporate counsel work for a single business or corporation, advising the company on legal matters and providing legal protection. A corporate counsel works in and out of the courtroom on a wide range of legal matters. This includes drafting and negotiating employee contracts, filing government reports, drafting and reviewing legal documents, and reviewing and creating employee handbooks. Corporate attorneys also review partnerships between their company and vendors, subcontractors, and partners.
It’s important for a corporate counsel to not only have an in-depth knowledge of business law, but also a background in the industry in which their company operates.
Sample job description
[Your Company Name] is searching for an experienced corporate counsel. We are in need of an exceptionally responsible candidate with great communication, analytical, and negotiation skills. A corporate counsel develops the organization’s policies on issues related to the industry, corporate governance, and regulatory matters. If you have experience as an attorney or in managing a company’s legal affairs, you may be an ideal candidate for a position as a member of our staff.
Typical duties and responsibilities
Negotiate employee contracts
Prepare and file government reports
Draft legal documents
Review new business relationships with vendors and subcontractors
Guide managers on regulatory and compliance matters
Administer training workshops
Formulate employee handbooks
Analyze legal issues relating to proposed products
Represent the corporation before administrative boards and court trials
Provide supervision to outside lawyers hired to assist the corporation with their specialized legal services
Structure joint enterprises with other organizations
Education and experience
This position requires a Juris Doctorate as well as a license to practice law in the state where the candidate will work. A background in business and the industry in which the company does business are preferred.
Required skills and qualifications
Written and verbal communication skills
Knowledge of federal and state business laws and regulations
Knowledge of applicable legal and regulatory requirements relating to contracts, licensing, software as a service, marketing, technology, privacy and security
Experience in analysis, review, and drafting of complex vendor contracts required
Works well with internal “clients” and other stakeholders
Average salary and compensation
The average salary for a corporate counsel is $160,000 in the United States. Position salary will vary based on experience, education, company size, industry, and market.
Los Angeles, California
Minneapolis-St. Paul, Minnesota
New York City, New York
Typical work environment
Most corporate counsels work at desks in an office setting throughout the week with regular hours (from 9-5), however many work more than 40 hours in any given week. Because data security is a big risk these days, the current trend is to move towards in-house data storage, which is more secure.
The typical work hours in an office setting for a Corporate Counsel are usually from 9 AM to 5 PM. However, many attorneys work more than 40 hours a week, especially when preparing for trials or nearing deadlines.
All corporate counsel attorneys will need to have a J.D. from an accredited university. However, it’s also smart to receive some certifications on top of this degree. Check out the following:
ICC (In-House Counsel Certified) Designation. On the site for the Accreditation of Corporate Counsel, those interested can read about the ICC Designation, which is valid for a year after an individual passes the final assessment from the ACC Credentialing Institute. Participants must meet eligibility criteria, attend 25 hours of training, and then complete the final assessment in order to receive the ICC Designation.
Harvard’s Leadership in Corporate Counsel. This program is great for those who are currently active in their in-house legal department. The program assists its leading lawyers in developing their in-house roles through a highly-involved case-study method that assists with understanding the changes taking place in the global marketplace for legal services.
A corporate counsel is required to have a Juris Doctorate degree from an accredited law school and a license to practice law in the state where they work. A bachelor’s degree is necessary to pursue a J.D. degree. College coursework in corporate law, contracts, business administration, taxation, mergers and acquisitions, antitrust law, and corporate finance is also recommended for students who know they want to become a corporate counsel. Internships with corporate law firms while in school are also encouraged.
Many companies prefer to hire seasoned attorneys as corporate counsel, so most attorneys start out in law firms as associates. The next step is to progress along either a partner or non-partner track, leading to positions as partners or senior attorneys. After a few years with a firm, some attorneys transition from private practice to being a corporate counsel.
US, Bureau of Labor Statistics’ job outlook
SOC Code: 23-1011
Projected Employment in 2030
Projected 2020-2030 Percentage Shift
Projected 2020-2030 Numeric Shift
According to the industry website In-House Tech, data security is an issue many in-house attorneys say exposes their clients to the biggest risk. The trend toward moving in-house data storage to more secure, cloud-based storage options is expected to continue.
The use of artificial intelligence (AI) is also becoming increasingly common in the legal field. Legal teams are using AI to automate things like document creation and internal workflows. It is also being used in legal research to determine how relevant a particular precedent or piece of data is to a case.
Sample interview questions
Describe your current position.
What motivates you?
What is a specific professional achievement of yours?
How would you describe your ideal work environment?
What is a specific goal you’re currently working towards?
Where do you see yourself in 5 years?
What are your favorite aspects of the legal profession?
How would you describe your leadership skills?
How do you keep up with current events?
Why do you want to move in-house?
What did you like least about your last position?
What are your greatest strengths as a lawyer?
Can you tell me about a difficult situation you faced professionally and how you approached it?
What appeals to you about being a legal counsel for us?
Can you share a time when you guided or mentored a colleague?
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