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Top 10 in-house stories for 2023

It’s been another extraordinary year for Australia’s corporate legal professionals. Here, we count down the most-read news stories impacting in-house counsel across the country.

user iconLawyers Weekly • 05 December 2023 • Corporate Counsel
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  1. 6 legal risks around ChatGPT
New research has revealed that legal and compliance leaders should address their organisation’s exposure to a number of key ChatGPT risks.

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  1. ASIC commissioner named as new head of Vanguard’s Office of the General Counsel
Investment management company Vanguard Australia has appointed a now-former commissioner of the corporate regulator to lead its Australian Office of the General Counsel.

  1. The ‘shift’ in the number of in-house roles being offered to grads
While going straight into an in-house role from law school has historically been considered a more alternative career pathway, this legal counsel said things are changing – and that law students are now being offered more variety.

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  1. Majority of GCs have ‘unmanageable’ workloads, are under-resourced
The role of an Australian general counsel is only getting harder, with many deeming the workload “unmanageable”, a new report has revealed.

  1. ‘Compromised’ in-house lawyers condemned in robodebt report
From the “alarming” way they carried out legal services through to the “problematic” view of their job descriptions, it seemed almost every corner of the in-house legal team behind the hugely controversial robodebt scheme was compromised.

  1. ‘Not surprising’: GCs seeing big remuneration, bonus increases
With risk management experts in such demand for governance purposes, general counsel and company secretaries are seeing sizable remuneration increases and performance bonuses, new research has found.

  1. Clayton Utz executive chair named as new group GC at Commonwealth Bank
Banking giant Commonwealth Bank has appointed Karen O’Flynn, who currently serves as a partner and executive chair at BigLaw firm Clayton Utz, as its incoming group general counsel and group executive legal and group secretariat.

  1. In-house lawyers without private practice experience ‘will not compare’, says recruiter
For those considering a move in-house, this legal recruiter recommended having at least four years of private practice experience first – otherwise, they “will not compare on paper” for top jobs.

  1. What firms did law departments use in 2022?
New research, from Lawyers Weekly and Momentum Intelligence, reveals which external providers in-house teams worked with in the last 12 months.

  1. Winners revealed at Corporate Counsel Awards 2023
In late May, Lawyers Weekly announced the 33 winners, chosen from over 160 finalists, at the seventh annual Corporate Counsel Awards.

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