The title of general counsel has long signaled that the holder is the top dog of the law department—the resident czar of all things legal. But the title’s meaning isn’t as clear these days because of the rise of another title: chief legal officer.
There’s little doubt that there are more CLOs today than in past years. Between 2013 and 2014 alone, according to survey data from the Association of Corporate Counsel, the number of in-house counsel using the title of CLO jumped from 10 percent to 22 percent, and continues to rise.
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