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Legal Briefing
Back office to boardroom: lawyers as strategic advisors?
Practice Area: Directors
Sector: Business services
Jurisdiction: Global
Published: 05 January 2011
Law Firm: Allen & Overy
Overview
Allen & Overy examines the role of lawyers in the highest ranks of business and considers why there are so few senior lawyers on the boards of the world’s biggest companies, and even fewer in the top positions of CEO or chairman by posing the following questions:
• Should lawyers have a greater voice at the top table?
• What are the challenges for lawyers in advising the boardroom on strategy?
• Are they able to balance their instinctive risk aversion with shareholder demands for returns?
• And what happens if they want to go on to become the chairman or CEO?
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