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What is a lawyer in industry?
There are currently about 6,000 lawyers
employed in commerce and industry in the UK. This group is made up of
solicitors and barristers, many of whom have opted to move into industry
from previous careers in private practice. There are as many different
specialist roles in industry as there are in private practice. In-depth
specialist legal knowledge gained in private practice is often what the
employer will be buying from its in-house lawyers. A construction company
may look to hire a good legal mind to oversee its planning and environmental
workload, just as a City financial institution may require a lawyer with
broad experience of banking and capital markets work. Obviously the nature
of the work is dependent upon the type and size of each business organisation,
and on the role that is specified. For instance, BT employs more than
60 lawyers in its legal department, which makes that department larger
than all but about 50 law firms in the UK. The team of lawyers is made
up of individual specialists covering many disciplines, from intellectual
property and patents to telecommunications and media law. In contrast,
smaller companies will often employ just one in-house lawyer who would
probably have a much wider brief. In this instance, whatever the nature
of the company's business, the in-houser will be expected to provide a
full legal and contracts service, and have a good knowledge of company
and employment law. In addition, there will be the responsibility of ensuring
that the company is at all times compliant with the relevant laws governing
its day-to-day operation. In-house lawyers are also usually responsible
for instructing and managing outside legal counsel - and for controlling
the ensuing legal costs!
Training 'in-house'
There are only a handful of in-house training
contracts available. However, if training in industry is your preferred
option then there are a limited number of contracts to chase, mostly in
the large corporations with substantial legal departments. You should
contact companies direct for more information.
Why be an in-house lawyer?
Whatever the variation, many in-house
lawyers seem to prefer the hands-on commercial activity of working in
industry and for one 'client', to the quite different pressures of private
practice. The very long hours often demanded of solicitors in commercial
private practice is often enough to provoke interest in an alternative
career, even if that means giving up the dream of financial bounty associated
with partnership at the top firms.
Career paths
In recent years the contribution made
by in-house lawyers to the success of companies has begun to be more highly
valued. As a result, with commercial acumen and a good legal mind, in-house
lawyers often move swiftly through the ranks of corporate management into
senior boardroom jobs. A typical career path might be: in-house lawyer
- senior company solicitor - head of legal department or company secretary.
Earnings
In the beginning be prepared to earn less
than those in successful commercial private practice. But as head of a
legal department or as company secretary you could easily expect to earn
well over £100,000, with the additional benefits of working for a major
company (e.g. pension, company car, health care schemes and share options).
At the top end, high-flying senior lawyers are increasingly recruited
into very senior boardroom jobs at major international corporations.
How to apply
Jobs are advertised in the legal press
(including the Law Society Gazette, Legal Week and The
Lawyer) and the national newspapers (in particular The Times
every Tuesday). There is also a wide array of websites for legal recruitment.
Useful addresses
The Law Society Commerce and Industry
Group represents solicitors in industry, whilst the Bar Association for
Commerce Finance and Industry (BACFI) is its counterpart for barristers
in employment. Further information and careers guidance should be available
from both organisations.
The Bar Association for Commerce Finance and Industry
(BACFI)
PO Box 3663
Bracknell
Berks RG12 2FH
Telephone: 01344 868752
Commerce and Industry Group
The Law Society
114 Chancery Lane
London WC2A 1PL
Telephone: 020 7242 1222
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