From the June 2009 issue of InsideCounsel Magazine • Subscribe!

Simple Sacrifices: Legal Execs Sacrifice for the Good of the Company

These days, it's hard to open any legal publication without immediately reading about how the economy is taking its toll on the legal community. From law firms closing their doors--or at the very least laying off partners, associates and staff--to recent law school graduates struggling to find any semblance of a legal job, the swinging ax doesn't discriminate. Even legal departments are feeling the hit.

In times like these, I admit I've wondered if organizations are truly doing all they can to keep their staffs. So it was refreshing to learn about a sacrifice one high-profile legal exec is making.

A few weeks ago I was having breakfast with Peter Wexler, chief legal officer of Schneider Electric, a multibillion dollar, Paris-based company. He is one of the executives who offers best practices for managing a global legal department in this month's issue (see "Global Guideposts"). Peter, who is based in Rhode Island, travels back and forth to Paris several times a month. I asked him how he adjusted to the time changes and commented, "At least flying business class allows you to sleep a little better." To my surprise, he quickly corrected me--explaining he only flies coach on any business trip, including those overseas. Peter went on to say that he would find it very difficult to justify spending thousands of dollars per ticket when his company is doing all it can to cut costs. "Over the course of a year, that adds up to at least one person's salary," he said. "I'd rather have that employee than a few hours feeling a little more comfortable on a flight. Not to mention, what kind of message would it send to my employees if I was flying first class around the world? It would tell them they should do it too."

Learning that this legal department executive makes sacrifices for the good of his company and leads by example was enlightening to say the least. When the news is dominated by stories about executives taking corporate jets to Washington to beg for billions of dollars, it puts a certain image in the heads of those of us who don't sit at the helm of a large corporate department.

So kudos to all of you who are making sacrifices for the good of your departments. In times like these, seemingly small acts of professionalism go a long way toward getting the economy back on track.

Comments

InsideScoop Daily eNewsletter

InsideScoop delivers the latest-breaking news affecting in-house counsel. Get the latest business trends, current corporate litigation, labor developments, technology initiatives and more — FREE. Sign up now!

You have been subscribed! You will receive a confirmation email soon.

See the entire list of InsideCounsel eNewsletters.

Resource Library


13 Things to do Now to Reduce Risk and Avoid...

We have developed best practices for lowering your e-Discovery costs, shortening the length of your...

7 Simple Strategies for Improving Legal Fee Budgeting Certainty

Understanding the legal fee budgeting paradigm and following seven simple strategies will help you control...

Complimentary White Paper: Best Practices for Meeting Critical eDiscovery Challenges

Packed with practical advice, this white paper discusses best practices for meeting eDiscovery challenges across...

Complimentary White Paper "Key Considerations for Collection Methodologies and Resources"

This white paper addresses the need for companies to reevaluate their current collection policies in...

Moving Matters In-House: How Technology Enables Legal In-Sourcing

Strategically shifting more matters to in-house counsel has proven to be an effective strategy to...

5 Ways to Promote Responsible Content Sharing

Find out five ways that organizations can promote responsible sharing of content among employees by...

Reducing the Costs of eDiscovery from Collection to Court!

Predictive coding is only one of many ways organizations can make eDiscovery faster, cheaper and...

Discovery Shifts to the Cloud

Adoption of Cloud computing continues to gain momentum. How can IT and Legal Teams avoid...

Lower Your Total Cost of Ownership

With the deployment of Proofpoint Enterprise Archive, organizations have realized significant cost savings in automating...

Health and Safety Risks of Counterfeits in the Global Supply...

This whitepaper underscores the prevalence of counterfeits within global supply chains across a number of...

View All »

Advertisement. Closing in 15 seconds.