Bloomberg Law
Jan. 28, 2020, 8:14 PM

‘Age of the CLO’ Dawns as More Chief Lawyers Report to CEO

Brian Baxter
Brian Baxter

Companies are leaning on general counsel and chief legal officers more than ever in an effort to stay ahead of myriad boardroom challenges, according to an Association of Corporate Counsel analysis.

The report released Tuesday by the ACC describes an “age of the CLO” blooming within corporate boardrooms as 80.2 percent of in-house legal chiefs surveyed said they report to their CEO, up from 77.9% in 2019 and 64.4% in 2018. That increase reflects how business leaders are increasingly keen on soliciting input from their top legal advisers.

“The CLO’s position as a major business strategist is universally accepted,” said ...

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