In-House Legal Jobs Expansion
One of the most prolific legal job generators of the 21st century has been the expansion and diversification of legal and law-related corporate functions, especially among Fortune 1000 companies. No longer are aspiring in-house lawyers and law students limited to looking for jobs in the corporate general counsel office. Today, they can expand their search horizons to multiple corporate departments where attorneys thrive, including:
- The Corporate Board
- Risk Management
- Due Diligence
- Technology Commercialization
- Real Estate
- Litigation Management
- Intellectual Property
- Government Affairs
- Contracting and Procurement
- Privacy/Data Protection
- Labor Relations
- Policy Management
- Human Resources
You can learn in detail about these in-house opportunities in JD Advantage Jobs in Corporations: In-House Counsel and 20 Other Departments, $15 @ https://www.nalp.org/productDetail/?productID=243 or @ https://www.amazon.com (Kindle edition: $9.95).
The Newest In-House Opportunity
Now, there is a new corporate division that can be added to this list: the Corporate Venture Capital (CVC) unit.
The venture capital community has experienced a major change in the last few years: the rapid rise of CVCs. The number of global active corporate investors has tripled to 965 in just seven years. Today, 75 of the Fortune 100 have established CVCs. They have injected a surge of new investment capital and have grown so rapidly that they now participate in almost one-third of all U.S. venture capital deals. In many companies, CVC unit decisions are made independent of C-level corporate involvement or approval. Autonomy from the parent allows CVCs to reach decisions more quickly and employ their own staffs of in-house professionals, including attorneys. Financial experts say that CVCs are here to stay.
For More Information: The Rise of Corporate Venture Capital. Investopedia. https://investopedia.com/articles/investing/082815/rise-corporate-venture-capital.asp
The Most Active Corporate VC Firms Globally. CBInsights. https://cbinsights.com/research/corporate-venture-capital-active-2014/