The role of the general counsel may no longer be as attractive as it once was. And it is the most senior members of the in-house bar--the so-called "First Generation" of general counsel--who are to blame.
When the First Generation started working in corporate America about
>Mergers and corporate failures have significantly reduced the job security for in-house lawyers.
>GCs now face the risk of personal liability (jail time and fines) when they give the wrong legal advice to a client.