Tell us about a time when you had to make a difficult decision that required sound judgement and the ability to make decisions in a timely manner.
General Counsel Interview Questions
Sample answer to the question
One difficult decision I had to make that required sound judgment and the ability to make a timely decision was when I was working as a legal associate at a corporate law firm. We were representing a client in a complex merger and acquisition deal that had tight deadlines. In the midst of the deal, new information came to light that raised concerns about the legal and financial risks involved. I had to assess the situation quickly and make a recommendation to the partner overseeing the case. After carefully weighing the risks and potential consequences, I recommended that our client withdraw from the deal. This decision required me to have a thorough understanding of the legal issues at hand, analyze the potential risks and consequences, and communicate my recommendation effectively to the partner. Ultimately, our client followed my recommendation and avoided a potentially disastrous business deal.
A more solid answer
One challenging decision that required sound judgment and timely decision-making occurred when I was serving as the General Counsel for a tech company. We were in the process of negotiating a complex contract with a major vendor that would have had significant financial implications for the company. However, during the negotiation process, I discovered a clause in the contract that posed a potential risk to our intellectual property rights. Realizing the importance of protecting our company's IP, I had to make a quick decision. I consulted with our internal team of IP experts, conducted thorough legal research, and sought advice from external counsel. Based on their recommendations and my own analysis, I made the decision to walk away from the contract negotiations. This decision was not an easy one, as it meant potentially losing out on a valuable business opportunity. However, I firmly believe that protecting our intellectual property was a top priority, and I did not want to compromise on that. Ultimately, my decision proved to be the right one, as we later discovered that the vendor had a history of infringing on IP rights. By making this difficult decision to prioritize our IP, I saved the company from potential legal disputes and financial losses.
Why this is a more solid answer:
The solid answer provides specific details about a challenging decision the candidate had to make, demonstrating their sound judgment and ability to make timely decisions. It includes details about the process they followed, the analysis they conducted, and the outcome of their decision. However, it can be further improved by providing more information on the specific legal risks involved and how the candidate communicated their decision to the stakeholders.
An exceptional answer
As the General Counsel of a multinational corporation, I faced a difficult decision that required sound judgment and timely decision-making. We were in the process of acquiring a smaller company in a foreign jurisdiction. However, during the due diligence process, I uncovered evidence of potential regulatory violations by the target company. This discovery raised serious concerns about the legality and compliance risks associated with the acquisition. To address this issue, I immediately assembled a cross-functional team consisting of legal experts, compliance officers, and senior executives. We conducted a thorough investigation, reviewing documents, interviewing key personnel, and consulting with external legal counsel and compliance advisors. Based on the findings of our investigation and after extensive deliberation, I made the difficult decision to cancel the acquisition. This decision required careful consideration of legal and regulatory risks, as well as potential damage to the reputation and financial stability of our company. By making this tough call, I protected our company from potential legal liabilities and reputational harm. Additionally, I ensured that our company upheld its commitment to ethical business practices and compliance with local regulations.
Why this is an exceptional answer:
The exceptional answer goes above and beyond by providing specific details about a challenging decision the candidate had to make, illustrating their sound judgment and ability to make timely decisions. It includes information about the due diligence process, the cross-functional team they assembled, the investigation they conducted, and the outcome of their decision. The answer also highlights the candidate's commitment to ethical business practices and compliance. However, it can be further enhanced by discussing how the candidate communicated the decision to the stakeholders and the impact it had on the company's overall strategy.
How to prepare for this question
- Reflect on past experiences where you had to make difficult decisions requiring sound judgment and timely action. Think about the specific challenges you faced, the process you followed, and the outcomes of your decisions.
- Familiarize yourself with relevant legal frameworks, regulations, and industry best practices. Stay updated on the latest developments in your field to make informed decisions.
- Develop your analytical and problem-solving skills by regularly practicing case studies and legal research. This will help strengthen your ability to assess complex situations and make informed decisions.
- Seek feedback from colleagues, mentors, or supervisors on your decision-making skills. Their insights can provide valuable perspective and help identify areas for improvement.
- Enhance your communication skills, as effective communication is essential when conveying your decisions to stakeholders. Practice articulating your thought process and rationale behind your decisions.
- Stay calm and composed under pressure. Making difficult decisions often involves managing high-stress situations. Practice stress management techniques and develop strategies to stay focused and level-headed when faced with tough choices.
What interviewers are evaluating
- Sound judgment
- Ability to make decisions in a timely manner
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