general counsel, global corporate and investment banking
The offer to move in-house is one that many private practice
lawyers find hard to resist. Often, life becomes simpler; gone
is the need to promote one's own practice, meet exhausting
billable hour targets and be available at any hour of day or
night at a client's whim. Instead there is the opportunity to
get deeply involved in running a large business and also decide
which law firms get mandates.
The appeal of becoming a general counsel at the world's
largest financial institution seems obvious. Except, perhaps,
if that bank is in the middle of a regulatory and litigation
firestorm arising from some of the most high-profile corporate
scandals in history. Yet that is the offer that Edward Greene
accepted when he left Cleary Gottlieb Steen & Hamilton to
become general counsel of Citigroup's global corporate and
investment banking group (GCIB) in New York....