Challenges in transitioning from the law firm to the small, privately-held company (Part 1)

The GC of Stego Industries draws from his own experience to highlight the challenges present in moving to a privately-held company

The transition from private practice to in-house legal counsel is filled with new challenges and new opportunities. Gone are the billable hour timesheets, issues with non-paying or slow-paying clients, and all of the other juggling that goes along with managing a Rolodex of clients. However, new issues are certain to arise, such as department budgeting, finessing your interactions with the board of directors and other executives/owners, and management of outside counsel, to name a few.

This piece is intended to highlight the new challenges present not for an incoming Fortune 1000 in-house lawyer, but instead those of us who transitioned to a relatively small, privately held, and in my case, family-owned company.

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Michael R. Tucker

Mike Tucker is General Counsel for Stego Industries, LLC, located in San Clemente, California. Stego is a construction products innovation and marketing firm. Prior to...

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