A handsome silvered fifty five year-old midwesterner with the bearing, and legal acumen, of a 747 pilot. If you encounter him in the lift he won’t have a clue who you are, even though you have worked in his department since 1998.

General counsel habitually float above things, owing their elevated position to a knack for side-stepping difficult decisions — something which, in times of peace, it is easy to do, especially in a large organisation with well-functioning escalation circles. Being commander-in-chief of the armed forces is a cinch in times of harmony and accord. Thus, most general counsel are inclined to attribute their position to their extraordinary judgment, commercial nous and deep client relationships rather than the rising tide that floats all boats. They will even, humbly but without irony, accept industry awards for their talents. If you are lucky, they’ll modestly attribute their unique achievements to their wonderful team.

Their main challenge is justifying their position at all. They like to be seen as visionaries, and will embrace behaviour which speaks to their grand strategic vision. They might commission a global coverage model, or a detailed, multi-dimensional risk taxonomy. Completion of this futile exercise will be left to their teams, of course.

Dramatis personae: CEO | CFO | Client | Employees: Divers · Excuse pre-loaders · Survivors · Contractors · The Muppet Show | Middle management: COO · Consultant · MBA | Controllers: Financial reporting | Risk | Credit | Operations | IT | Legal: GC · Inhouse counsel · Docs unit · Litigator · Tax lawyer · US attorney Lawyer | Front office: Trading | Structuring | Sales |