Legal & Governance

Legal Counsel

BriefYour role

Also known as Lawyer · Legal consultant · Legal service manager · Administrative law lawyer

and 8 moreAdvocate · Agricultural lawyer · Attorney · Bank and capital market lawyer · Barrister · Building and construction dispute lawyer · Building lawyer · Business law consultant

L3 salary
Not published yetSalary figures open with the salaries section.
Upcoming dated changes
None datedNo change with a date ahead affects this role directly.

See all levels

What the role does

Legal Counsel is a role in Legal & Governance. The family covers legal counsel, contracts, company secretarial, paralegal and privacy roles. The core skill is legal research and regulatory interpretation.

This is a brief profile written from the catalogue. A full profile with a day in the life, level descriptions and the effect of AI is being written.

Levels

  1. L1 Starting out 0-2 years
  2. L2 Independent 2-5 years
  3. L3 Senior or specialist 5-9 years
  4. L4 Leads a team or an area 8-14 years
  5. L5 Leads the function 12+ years
Full level descriptions and job titles

The EFO level names are the common scale; job titles differ between employers.

Levels of Legal Counsel
LevelWhat the work looks likeTypical yearsTypical job titles
L1 Starting outLearns the job; executes defined tasks with supervision0-2Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer
L2 IndependentOwns a process end to end; trains L1; first contact for the team's clients2-5Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer
L3 Senior or specialistDeep expertise; handles exceptions and change; represents the function in projects5-9Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team)
L4 Leads a team or an areaManages people or a large process; owns budgets or controls; escalation point8-14Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section
L5 Leads the functionAccountable for the function in a legal entity or region; sets priorities and standards12+Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director

Specialisations

Specialisations share most of the role and differ in the skills listed here.

Skills

The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.

Critical 3

The job cannot be done without these.

Important and supporting skills 18

Important 9

Needed in most positions.

Supporting 6

Help in many positions.

Useful 3

Occasionally useful.

Processes

The work the role takes part in.

What each process covers
  • Data management and governanceSupportingData quality, lineage, master data and analytics.

Dated changes for this role

No dated change for this role

No change with a date ahead names one of this role's main processes. The Regulatory calendar lists every change.

Worth knowing

Changes that touch a process this role takes part in as a secondary task.

See all 8 in the Regulatory calendar

Salary snapshot

Salary figures are not published yet

The L3 salary range for this role, with its sources, will appear here when the salaries section opens.

Certifications

Concepts to know

All 24 concepts

Neighbouring roles

Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.

Data Protection Specialist

54% skill overlap

To add: Operational resilience and ICT risk rules (DORA and equivalents), Control mindset (what could go wrong), Identity and access management

Your role

Company Secretary (Listed Companies)

53% skill overlap

To add: Corporate secretarial and entity management, Market abuse and trade surveillance (MAR), Records and information management

Your role

Privacy Specialist (Technology)

50% skill overlap

To add: Functional analysis between business and IT, Operational resilience and ICT risk rules (DORA and equivalents), Control mindset (what could go wrong)

Your role

Compliance Officer

48% skill overlap

To add: Anti-money laundering regulation, Control mindset (what could go wrong)

Your role

Conduct Risk Analyst

45% skill overlap

To add: Anti-money laundering regulation, Consumer credit and consumer duty rules (CCD, Consumer Duty, TILA), Control mindset (what could go wrong)

Your role

Do this job? Suggest a correction

Say what is wrong and, if you can, where the right information is published.

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Sources