In house Legal jobs in Luxembourg
In-house legal teams are not just simply advisers to a firm, c-suite members within the team will often have a seat at the decision-making table. You can find in-house legal teams in a wide scope of organisations from private equity, hedge funds, asset managers and alternative FS businesses.
Financial services is an extremely highly regulated industry meaning legal counsels are needed in-house to provide reliable, accurate, time sensitive advice to the firm.
Private Practice v In-house
The difference between in-house legal teams and private practice firms is simple, in-house teams sit within an organisation managing the internal legal function whereas private practice professionals belong to an external firm, working with a variety of clients within particular areas of law.
We have seen a trend emerge, where private practice candidates are considering appealing in-house opportunities. Top firm lawyers contemplate a move in-house as long as the new working environment is considered equal to their practice and matches their career trajectory.
What do in-house legal teams do?
In-house legal counsels should be viewed as the heart of your organisation, sitting amongst company operations, acting as a resource and valued business function. It is therefore imperative that your in-house counsels understand your business and your clients.
The key function within an in-house legal job is to ensure that accountable decisions are made and the business is aware of the potential legal risk. Specific duties may differ from firm to firm but the overarching theme of an in-house legal counsel is to handle company litigation and compliance.
In-house legal teams
In-house legal jobs can vary depending on the firm, and level of experience needed but can be comprised with the following:
Senior Vice President
Head of Legal & Compliance
Head of Compliance
Chief Compliance Officer
Senior Legal Counsel
Even though it is a small country, Luxembourg packs a big punch. One of the world’s highest GDP per capita, according to the IMF, it is the second richest country in the world according to buying power per capita. This can be mostly attributed to its thriving financial services industry.
Luxembourg is a mixing pot of culture, it has a trilingual school system featuring German, French and Luxembourgish. A centre of diplomacy, it’s a founding member of NATO, the EU, the UN, the OECD and Benelux. One of the 4 capitals of the EU, it hosts the Court of Justice of the European Union and is home to Schengen village, where the famous Schengen Agreement was signed.
Luxembourg offers three main forms of public transport: trams, trains and buses. Not only is it quite easy to get around the city with public transport: since March 1st 2020, all modes of transport are free throughout the country. Even better news: this applies to everyone, from residents, cross-border commuters and even tourists.