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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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As with many things in our legal world, the answer here is both simple and frustrating: It depends. Many factors come into play. It may depend on the company profile — its size, business area, level of regulation, governance structure and priorities, budget, management practices, and so on. It also depends on the individual professional perspective — duties, skills, professional and educational background, career aspirations, and talent.

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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.