Newbie question: where does Risk Management end and begin in relation to the role and work of in-house counsel? Where the two overlap and where do they (or should) significantly diverge?

like
Posting as :
works at
You are currently posting as works at

Isn’t that the entire job?

like

I really don’t understand these comments. I’ve been in house for a decade and I’m not Risk Management. Those roles refer to either the insurance folks or the supplier/customer financial risk assessors.

The comments that this is literally THE job are cute, and might be accurate based on your org, but Attorney 1 had it right.

I was a specialist in private practice, now in a more generalist role with my speciality serving most of what I do day to day, but I have to learn stuff I never crossed paths with at a firm. Importantly, I am not an insurance attorney, did not work any insurance related cases, and would not begin to hold myself out as knowledgeable in that area. That's where your risk department should be your very best friend.

In my org, certain matters covered by insurance are exclusively handled by our risk department. There is overlap where I consult regularly with counsel as to when and if to notice carriers, monitoring potential risks, drafting agreements that may bear on our coverages etcs.

At least in my experience, the line between the two is blurry, and if you have the option, always collaborate with the Risk folks.

like

Lots of companies have dedicated risk managers (non lawyers or JDs) who handle the day to day of lawsuits with the insurance companies assigned counsel. These are companies who get sued a lot in ordinary course of business. The RM report to GC who doesn’t get involved unless their is a discovery problem, insurance dispute, or large exposure issue.

I would ask your insurance broker or insurance company’s assigned outside counsel. Tell them you are revamping internal policies. I’m sure they have recommendations because you are their client. Outside counsel like to go above and beyond on things like this because they want to be your preferred counsel and earn future business.

Thanks A1!

For smaller companies or companies where you don't have dedicated risk management or constant lawsuits, your job is to advise on risk but let the business (your internal clients) make informed decisions. Educate, advise, and help teams find creative solutions.

The only time you should insist or override them is when the risk is so high (either due to potential impact and/or likelihood of occurring) that you must insist they do or don't do something.

It is literally THE job.

Thanks A1. I genuinely didn’t know what to think of SC1’s comment because, as I said, I’m new in this role. First time as in-house counsel and really just trying to get my bearings.

To be more specific, as IHC your only client is the company. It’s everyone’s job to identify certain risks and use their skills to mitigate those risks. Some people do that using legal experience, some compliance, some tech, some marketing.
The point is everyone works for the exact same
Client and risk management is your job. If you’re speaking the formal “Risk” and asking where you draw the line between you and that group, it’s impossible to tell not being inside your org. But as a good rule, you will likely find everything you do is done through a lense of risk mitigation. HTH. Good luck in your new role.

Related Posts

How is wlb in accenture AI? What role they give to level 9?

like

My company started my GC on August 2021… but they finally submitted the PWD on Oct 2022. They took over a year on this step due to the fact that this is the first time they do the GC with my kind of role in my company…And they will not do the recruitment in parallel with PWD per company policy. I will be satisfy the minimum requirements when it hits Oct 2023. So they will only file my PERM after Oct 2023…
See the questions I have in the comments area.

like

Does Twilio Inc. pay well? I got reached out to regarding a Senior Director of GTM Strategy/Planning role and was wondering what the rough total comp range might be (and ideally rough breakdown between salary, %bonus, RSUs)

like

Is anyone willing to refer to a major retailer in the US (Walmart, Krogers, Walgreens etc) for an intern role in finance? 🙇‍♂️

like

Will PwC CMAAS start hiring again come the new year? Or is it done for ?

funnylike
like

Hey all, new to this bowl. Currently a Tech Recruiter and eventually want to make the transition into a HRBP or HR Generalist role. Would love to hear from anyone who started in recruiting then transitioned into another area of HR. Have been thinking of either working on PHR certification or MBA with focus in HR mgt. Thanks!

like

Hi,
I got an offer from Deloitte India for consultant role.
I am having 2 YOE in SAP MDG. They are offering me 10.35 lpa CTC [9 LPA FIXED].
Is it fine or should I negotiate more?
Also I have offer from Accenture with 8 lpa fixed + 21% variable and 60k joining bonus.
Which is better to join Deloitte india or Accenture?
Looking forward for responses.
Thanks in advance!

like

Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

Hi
Applied for a position in Johnson and Johnson Canada. Reached the final round 3 weeks back. After not getting any updates I emailed the HR a couple of weeks back. They responded back telling me that they’ll have an update for me the next week. Again I emailed them on Thursday asking if they have anything for me before the long weekend ( Good Friday & Easter). No response whatsoever. Will emailing them again be inappropriate? I desperately need this job

like

Jio Platforms Limited
Hi Fishes Could you please help me calculate in-hand salary for this role
Thanks in Advance

Post Photo
like

Have been submitting my resume (even tailored keywords to match each job description) for brand side openings the last yr, no success. Unfortunately I don’t know many people on the client side.. tips?

like

Trying to get into Deloitte I have 2.5 years of finance experience in govt finance. Is anyone at deloitte willing to refer me for an entry level position? I can send over my resume.

likefunny

I graduated in 2016, did a state court clerkship, and then was hired as a hearing officer. I’m looking to apply for an attorney advisor position but wonder if my lack of ‘traditional’ legal work will harm my chances. Thoughts?

Looking for an entry level position in finance/accounting. I have 5+ years of experience in mortgage lending and analyzing financial statements.

like
like
like

Hello Sharks,

Today i got a call from TCS HR, after documents submission. They told we they can provide me 12 lakhs as its their budget for ITA role. My current package is 11 LPA with 10% variable. Also they told for 6.7 years of experience they provide ITA role as i have bachelor's degree. I asked for 18 initially, HR said, will call back in evening.

Please advice will they be ready for 16 atleast.

likefunny

Hi pals! Anyone here currently working at Accenture open to referring me to an Account Exec role ?

like

More Posts

Anyone know if Cemex hires litigators? I’m a construction litigator and want to go in house.

like

Shout out to everyone still on the waitlist for this year... all 7 of us are gonna make it!

like

I just need to brag right now: I got down to the east village in JUST FIVE MINUTES FTW

like

Hi ! Looking for advice. I’ve been with a company in BC for 2.5 years, started support role, promoted to smb AE a year ago. salary is 65k with uncapped commission. We recently did layoffs, I was kept however there have been changes & meeting quota has become difficult & we have a way heavier workload. The perks are amazing but I need to make more money. Do you think I could get a role with more money with my experience that’s fully remote even in this “recession”..thoughts?

like

Best way to answer “why do you want to join private credit” or “why do you want to join private debt”. I have a general sense of why I want to but can’t really put my thoughts into words. Any insight would be helpful. Thanks.

like

Any one working in Emirates NBD in tech roles?

like

"Chicken is low in both fat and sodium, making it the perfect vessel to stuff with bacon and mozzarella." #wordstoliveby

like

What exactly does Westin Mobile Check in accomplish?

like

Which country do you live in?

like

Are you more or less stressed out on Fridays when you work remote?

like

Can I sue a recruiter for a gdpr breach if they have unilaterally decided to send my cv to 10 firms without my written (or indeed verbal) agreement? If so what would the process be?

likefunny

What are some good places to look at if you're a "content creator" (editing, motion, compositing, color, design) 4 yrs exp

like

Do we think house prices in brooklyn (park slope, prospect heights, fort green) are inflated right now because of covid? Likely to go down or continue as they are?

likefunny

How do people in hcol cities do it? All in, I make a little under 200k in Atlanta. Im able to max out my 401k, HSA, & back door roth. I save 1200 + buy 2 shares of VOO /month. Mortgage/HOA is 2100. After all that, I find myself watching every penny on my Amex bc money feels tight. Would love to move to a bigger city but PwC wouldn’t pay that much more & it’s hard to envision mortgage or rent doubling like it would in SF/LA/NYC. Tips for how to make your budget work? Just save less?

likefunny

I moved from India to the US. I have still assets in India to invest. But given my location I’m not able to stay up-to-date on India macro and market conditions

Can anyone recommend a good investment advisory firm that simply advises on which stocks to buy when (by considering macro factors in addition to company fundamentals and current valuation)? I’m happy to pay a fixed fee for advice but not looking for asset management, especially wealth managers from banks and similar.

Pakistani 🐠 - what does "Riyasat - E - Madina" mean ? Saw the phrase in the previous post about IK and Google/quora is giving dumb answers

like
like

Infosys BPM is offering the position of Technology Support Specialist-Cluster 3, I am having 2.8 years of experience working as a software developer. should I join or not? need your valuable advice?

like

What is the difference between an L6 & L7 role?

Additional Posts in In-House Counsel

Anyone here actively seek Women-Owned IP firms for patent prosecution? If so, curious where you work and whether it’s your preference or a company guideline

like

For those working in house, how much “from scratch” document drafting are you doing vs. reviewing and revising “outside documents”. For example, if your company wants to enter into a joint venture company with another entity, are you drafting the company agreement “from scratch” or is it based on internal forms? Or are you getting outside counsel to do it?

like

Just scheduled my final loop interview at Amazon. When do I tell my recruiter that I am 8 months pregnant. Will they rescind or not give me an offer if I tell them.
Also how long do I have to have worked at Amazon to get any benefits. Amazon

like

Found out the person in role before me left for another company after one year... Best way to inquire further? Reasons for/against digging?

like

Any renewable energy or solar in house counsels here? Care to share your experience? Thanks in advance. Looking to transition from big law commercial lit.

like

Anyone have any insight into eBay’s legal group? Interviewing for a product counsel role. Thoughts on culture, salary, benefits, reputation, etc.?

like

If you had to pick one practice area now to prepare to be the best in-house candidate in the future, what would you pick and why?

like

Can anyone speak to working as counsel for Meta? WLB, hours, starting compensation? TIA!

like

Very interested in applying for some open positions at Meta - specifically with Reality Labs. Is anyone here familiar with the legal team there and would be willing to talk to me? Thanks in advance!

like

Can anyone at Meta comment on culture / WLB at WhatsApp legal?

like

Returning from work after a year of mat leave (Toronto in-house at a BIG company) - can I expect my salary to increase as though I was still working over that year? (Regular increase, obviously not expecting a bonus. Am hoping to get something to keep up with inflation but I don’t know if that’s standard.)

like

Yesterday a recruiter for a big media company reached out via LinkedIn about a role he was trying to fill. The role aligned with my background and honestly, I felt great that finally I was being poached. We set up a time and I sent my resume.... then this morning he cancels and blames that the position is being “put on hold”. How likely is this actually the reason/does this happen often?

like

What’s it like working at google as counsel? What are the hours like? Are the benefits worthwhile? I hear the base salary is kind of low for associate counsel, but does the stock you also receive make up for it?

like

Made it to Amazon last round, and rejected. All I got was an email from the recruiter saying they didn't move forward. The team seemed great, and the turnover didn't seem terrible as everyone I interviewed with was there for 3 years or longer. It seemed like a great group doing good work. I'm crushed.

like

When in-house hires a new in-house counsel from big law, do they care about which big law firm they’re coming from?

likefunny