The text provides a wide-ranging account of in-house law practice, and serves as a valuable resource for many audiences—law students, in-house counsel, those who are contemplating going in-house, and even outside lawyers. Relying on their collective decades of practical and academic experience, the authors offer key insights into such important topics as successful strategies that in-house counsel can implement, interfacing with "internal clients," working with outside counsel, the focus on "preventative" law, the skill sets that are valued by corporate counsel, and the steps that an outside lawyer or recent graduate can take to obtain an in-house position.

This edition contains a new chapter on insider trading, with a focus on enforcement proceedings against inside counsel, as well as a chapter on research tools for in-house law practice. For the first time, the book includes a section on cultural intelligence as a necessary foundational skill for in-house lawyers. (Recent changes to the American Bar Association's (ABA) accreditation standards require schools to provide education to law students on bias, cross-cultural competency, and racism in the context of field placements.) Subjects focusing on in-house counsel's role in the enterprise, interfacing with the many constituents within the company, the benefits and disadvantages of serving as in-house counsel as compared to outside counsel, and the criteria that makes an outside law firm attractive to in-house counsel are updated and explored.