Source: Corporate Counsel
By David Ruiz
The year's end has brought a flurry of general counsel hires and new GC announcements at companies big and small. As organizations look to Jan. 1 as a sort of "reset"—both in mindset and sometimes in budget—the search for new GCs hits a boiling point by late December.
In the past month, Domino's Pizza Inc. announced its hire of Kevin Morris as incoming GC starting Jan. 4, Milwaukee-based robotics firm and Fortune 500 company Rockwell Automation Inc. announced its hire of Rebecca House as GC—also effective a few days into 2017—and Och-Ziff Capital Management Group, one of the largest hedge funds in the world, named David Levine as chief legal officer effective Jan. 23.
"One of the popular times to hire is after the summer, with a lot of companies starting the search in September or even August, with an eye towards closing at the end of the year and having a state date at the beginning of January," said Major, Lindsey & Africa in-house recruiter Judy Allen. Allen said from January through the end of November this year, Major, Lindsey & Africa had completed 43 general counsel searches nationwide, which she called a "healthy" amount of movement.
Allen said September is a popular time to start a search because many executives and lawyers have returned from summer holiday. She said that company budgets can sometimes be a driver, but it more often affects non-GC in-house searches.
Read more of this feature at Corporate Counsel.