For the 2016 edition of GC Powerlist we return to the original format of the report – launched in 2013 – focusing on senior general counsel (GCs). Over that time, the report has expanded hugely to become one of the most important strands of Legalease’s portfolio. Expanding the report also reflects the reality that in understanding GCs, you need to look at the specifics. While law firms operate on a few variants of the same model, in-house teams are defined much more by the industry and the individual company in which they work.
But there are broad trends as well. The upward march of the in-house profession that this report was originally launched to chronicle has, if anything, accelerated. While law firms are struggling for growth in many sectors, in-house teams continue to expand in the UK and take on greater swathes of work. It’s becoming increasingly mainstream to encounter teams with multimillion-pound budgets that put only a tiny minority of their work to law firms. Where they are instructing outside counsel, a good proportion of GCs now barely bother to conceal their tactic of pushing law firms down the value chain… and their teams correspondingly upwards.
RPC’s managing partner on how the modern GC made law a part of business (and vice versa).
It was late 2012 when RPC first became involved with Legal Business’ GC Powerlist. Back then, over four years after Lehman Brothers collapsed, the world economy was still looking parlous.
Another four years on and, although we’re now certainly on a firmer footing economically, there are still plenty of reasons to be fearful, or at least cautious, over what the future might hold for businesses: the slowdown in China; the collapse in the price of oil; stock market woes, here and in Asia; and uncertainty surrounding Britain’s possible exit from Europe, to name just a few.
Jonathan Watmough
Managing Partner
RPC
We are delighted to launch our first China GC Powerlist since the pandemic. It has been far too long since we could celebrate the best in-house lawyers in this remarkable country, but it has certainly been worth the wait. We thoroughly enjoyed researching this edition and are immensely grateful to the many lawyers and GCs who supported us over the past few months to bring this publication to fruition. The launch event was a huge success, with over 120 key legal professionals who make up the elite of the Chinese legal scene attending to hear speeches from leading partners at sponsor firm Tian Yuan and the in-house lawyers who made it on to this exclusive list.
In particular, the excellent team at Tian Yuan Law Firm played a pivotal role in providing insights into key market changes and introducing some of the most innovative GCs for consideration in this publication.
As expected for legal and business leaders in such a powerhouse economy, we had an abundance of outstanding candidates to choose from. Narrowing it down to the final 100 names was no easy task. Congratulations to everyone included—earning a place on this prestigious list was a significant achievement.
