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WendyFrancoisFirstPaper 4 - 29 May 2010 - Main.WendyFrancois
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| | | Only two of the seven companies that I have contacted have legal internship programs, even though all of them have in-house legal departments. Initially, I was dismayed by this because it meant that I may have to forgo the possibility of having an internship at one of the fashion houses. Then I realized that there was a greater implication to this: lack of opportunities for legal training for would be in-house attorneys. An executive at one of the fashion houses told me, rather bluntly, that internships at their offices are design and finance focused and that they have never had a legal internship position or program and were not considering a change. | |
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< | In a day and age when more lawyers are running companies (eg, Kenneth Chenault—American Express; Gerald L. Storch—Toys “R” Us; John Chidsey—Burger King) I thought there would be more internship programs designed to train us in this capacity. Granted, I am interested in the niche area of the fashion industry, but I would gladly participate in in-house/general counsel training programs if more existed. The Association of Corporate Counsel only offers one internship program in partnership with Cardozo Law School. Generally, legal internships with corporations are rare and there seems to be a push to encourage lawyers to attend business school rather than opening positions in corporate legal departments. | >
> | In a day and age when more lawyers are running companies (eg, Kenneth Chenault—American Express; Gerald L. Storch—Toys “R” Us; John Chidsey—Burger King) I thought there would be more internship programs designed to train us in this capacity. Granted, I am interested in the niche area of the fashion industry, but I would gladly participate in in-house/general counsel training programs if more existed. The Association of Corporate Counsel only offers one internship program in partnership with Cardozo Law School. Generally, legal internships with corporations are rare and there seems to be a push to encourage lawyers to attend business school rather than opening positions in corporate legal departments. Eve Burton, the General Counsel of Hearst, confirmed during a talk that she gave at Columbia that in-house departments mostly hire laterals, people who have had years of experience and have already been trained. | | | I think there should be more training to enable lawyers to run companies. Two reasons come to mind. First, lawyers can maintain and monitor the ethical practice of a company. A lawyer can advise as to the direction and actions of a company against the backdrop of the relevant laws and guidelines that are in place and enforced by the government. With this oversight power, a lawyer can keep the company from engaging in endeavors that are illegal or likely to incite lawsuits because they are detrimental to society or cause some harm. With such an important role, it is disappointing that in-house legal departments are viewed as an overhead expense rather than an important asset that requires dedicated investment.
Increasingly, before major decisions are made, companies turn to their counsel for approval. It would be all the more beneficial to the company and to society, if such lawyers were trained on how to run a company. The questions that a general counsel usually addresses are varied and reflect a more general practice as opposed to specialization in a particular area. If there are internship programs that law students can participate in, they can gain exposure to these various fields and be well-rounded advisors.
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< | My second reason for wanting more internship and training opportunities for lawyers who want to run companies is tied to my love for fashion. Beyond the legal considerations that counsel for a fashion company has to weigh, there is a focus on the company’s bottom line. In-house attorneys have to understand the implications of the companies’ business strategy, in order to protect the companies interests and sell clothes. What better way to learn about a brand, its aesthetic, target consumer, and growth and development than by interning in their offices? | >
> | My second reason for wanting more internship and training opportunities for lawyers who want to run companies is tied to my love for fashion. Beyond the legal considerations that counsel for a fashion company has to weigh, there is a focus on the company’s bottom line. In-house attorneys have to understand the implications of the companies’ business strategy, in order to protect the companies interests and sell clothes. What better way to learn about a brand, its aesthetic, target consumer, and growth and development than by interning in their offices? In-house counsel addresses a plethora of different areas of law from real estate and leasing to labor and employment. Interning would allow a lawyer to learn about the wide array of legal issues that a in-house counsel and see how these issues are managed and resolved. This is important because not all associate positions in firms are set-up in a way that allows the associates to rotate between different practice areas. | | |
Mickey Drexler is the merchandiser praised for making the clothing store The Gap into an apparel behemoth whose t-shirts and jeans can be found in practically every home in the US. After Drexler left The Gap, the company had a series of failed management teams and struggled to regain profitability. One of the major criticisms of Drexler’s successors is that they did not understand the brand or merchandising. Thus, the company was no longer satisfying its clientele and no longer making clothes that people wanted to buy.
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