Modern Counsel 48 | Page 9

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Skills

LLY

The legal profession is undergoing a structural shift. As companies build stronger internal legal teams to manage cost, risk, and the speed of decisionmaking, the role of the in-house lawyer is being redefined. In-house counsels are no longer confined to providing reactive advice; they are expected to operate as embedded business partners, contributing directly to strategy and commercial outcomes. This change is not only reshaping corporate legal functions but is also redefining what the market values in lawyers more broadly. The central argument is clear: commercial capability, not technical specialism alone, is now the defining feature of a successful legal career.

At the heart of this shift is a move away from narrow technical expertise towards broader, commercially driven skill sets. Law firms have traditionally trained lawyers as specialists, often within tightly defined practice areas. In contrast, in-house roles demand a range. Lawyers must handle contracts, compliance, employment, and regulatory issues, often simultaneously. More importantly, they must ensure that their advice supports business objectives. Legal correctness remains essential, but it is no longer sufficient. Advice must be practical, timely, and aligned with commercial realities.
Tom Hanlon
modern-counsel. com 9