The role of general counsel has increasingly expanded beyond traditional legal responsibilities, leading GCs to take on additional roles such as chief operating officer, a dual responsibility that presents both opportunities and challenges.

Livingston Miller, general counsel of Initialized Capital. Courtesy photo

Initialized Capital, a seed-stage venture capital firm managing over $3 billion in assets, is the latest company to embrace this trend by promoting Livingston Miller, its general counsel, to the position of COO.