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In trading I’ve seen seniorlegal leaders go into compliance leadership roles then back to senior legal leadership roles. Some top lawyers I know value compliance experience, especially in heavily regulated industries
I’m interested in the same thing. My practice is considered litigation at my firm but it’s really more investigations and advisory work. If I were to go in-house it would probably be in a compliance counsel position, and I’m concerned about the perception as a non-legal role.
I have definitely seen people move from compliance to in house legal at some places. But in finance so don’t know how relevant.
The places I have seen compliance move back to legal have both report into the same GC. Those that moved got that role because of the ability to manage a team and make effective risk decisions. Will you have any direct reports and will you just be implementing compliance monitoring or will you have to make risk decisions.
Never say never, but moving into compliance tends to pigeonhole you in that realm. I haven’t seen a move from compliance to legal in my realm, but that’s not to say it’s impossible.
I have seen it in healthcare where legal and compliance are more intertwined than in other industries, but I’m not sure how common it is or how difficult it was for them. In practice I will be doing a lot of legal work so my legal skills won’t get stale and I think I could easily explain it in an interview but I’m worried about not even being considered. Do you think insisting on a title that includes counsel would help keep the door open more? For example something like director of corporate compliance and healthcare regulatory counsel or something similar.