When Lawyers are CEOs, Good Things Happen (Most of the Time)

, The Litigation Daily

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Move over philosopher-kings—let’s hear it for the lawyer-CEOs. A new study of publicly traded companies headed by chief executives who also have law degrees found that such companies don’t get sued as often, and when they do, the consequences of litigation are less severe.

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  • Yang Yen Thaw

    “While this result should be interpreted as causal with caution, it is consistent with our prior finding that the value of lawyer CEOs comes from active litigation management,” the authors found. I do not agree with this statement. Though perception plays a big role as correctly indicated in the subsequent portion of the article, the basic character of the lawyer is highly relevant and important. Whereas I personally used to be a highly aggressive character, law has indeed tempered my aggression into a calculated one over the years. Of course, the statement that many CEOs do not appreciate lawyers in-house is an undeniable fact.

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