Clothier relies on its in-house rabbi

Article Abstract:

Samuel P. Fried, the vice pres, general counsel and secretary of The Limited Inc, owner of many specialty clothing stores across the US with annual 1997 sales of over $9 bil, is the company's sole in-house attorney. Before Fried's employment, the company had no in-house attorneys but instead had an outside counsel that doubled as an in-house law department. Fried saw it as his job to wean the organization away from that model. Fried views his role as a translator between business and legal languages.

LTD, Limited Brands Inc., Fried, Samuel P.

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Her job is mostly fun and games

Article Abstract:

Cynthia S Reed, the senior vice pres and general counsel of the number 2 US toymaker Hasbro Inc, heads a department which does most of its corporate work in-house but merely manages litigation and has all her outside counsel on monthly billling. Hasbro has grown greatly by acquisition in the last decade but just before the end of 1997 announced a restructuring which will eliminate about 20% of its workforce. Reed heads a department of about 15 lawyers.

Hasbro Inc., HAS, Reed, Cynthia S.

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