Giving investment banking a good name

Author: | Published: 1 May 2005
Ed Greene, general counsel, global corporate and investment banking group, Citigroup

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....