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Litigation lawyer: Difference between revisions
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One of the sainted [[risk controller]]s of a financial services firm. An inhabitant of the [[litigation department]]. Litigators deal with ongoing customer complaints and, where clients have not come up to expectation, prosecute claims on the firm’s behalf. The {{t|litigation}} team would also claim have an advisory function, and encourage their colleagues to consult them ahead of time to avoid future angst. | One of the sainted [[risk controller]]s of a financial services firm. An inhabitant of the [[litigation department]]. Litigators deal with ongoing customer complaints and, where clients have not come up to expectation, prosecute claims on the firm’s behalf. The {{t|litigation}} team would also claim have an advisory function, and encourage their colleagues to consult them ahead of time to avoid future angst. | ||
This is a theoretical but not actual function, because no-one in their right mind would ask a litigation lawyer to bless any course of action more contentious than sitting cross-legged in an air-conditioned padded cubicle having first signed a lengthy [[disclaimer]]. | This is a theoretical but not actual function, because no-one in their right mind would ask a litigation lawyer to bless any course of action more contentious than sitting cross-legged in an air-conditioned padded cubicle having first signed a lengthy [[disclaimer]]. Signing off hypothetical risk scenarios is just not how [[litigation lawyer]]s roll. | ||
In part this is because they are are short the same option as is any [[risk controller]]: There is no upside from signing off any [[risk]] that has not been fully diffused in a [[circle of escalation]], underwritten in blood by someone else (ideally a [[Sullivan and Cromwell]] partner) and socialised to the [[General Counsel]]. But it is not just that: there's a personality element too. [[Litigation lawyer]]s are preternaturally risk averse — [[fear]]ful — by personal disposition. Loose cannon types rarely sign up to be litigation lawyers, and don’t last long if they do. | In part this is because they are are short the same option as is any [[risk controller]]: There is no upside from signing off any [[risk]] that has not been fully diffused in a [[circle of escalation]], underwritten in blood by someone else (ideally a [[Sullivan and Cromwell]] partner) and socialised to the [[General Counsel]]. But it is not just that: there's a personality element too. [[Litigation lawyer]]s are preternaturally risk averse — [[fear]]ful — by personal disposition. Loose cannon types rarely sign up to be litigation lawyers, and don’t last long if they do. | ||