For the 2016 edition of GC Powerlist we return to the original format of the report – launched in 2013 – focusing on senior general counsel (GCs). Over that time, the report has expanded hugely to become one of the most important strands of Legalease’s portfolio. Expanding the report also reflects the reality that in understanding GCs, you need to look at the specifics. While law firms operate on a few variants of the same model, in-house teams are defined much more by the industry and the individual company in which they work.
But there are broad trends as well. The upward march of the in-house profession that this report was originally launched to chronicle has, if anything, accelerated. While law firms are struggling for growth in many sectors, in-house teams continue to expand in the UK and take on greater swathes of work. It’s becoming increasingly mainstream to encounter teams with multimillion-pound budgets that put only a tiny minority of their work to law firms. Where they are instructing outside counsel, a good proportion of GCs now barely bother to conceal their tactic of pushing law firms down the value chain… and their teams correspondingly upwards.
RPC’s managing partner on how the modern GC made law a part of business (and vice versa).
It was late 2012 when RPC first became involved with Legal Business’ GC Powerlist. Back then, over four years after Lehman Brothers collapsed, the world economy was still looking parlous.
Another four years on and, although we’re now certainly on a firmer footing economically, there are still plenty of reasons to be fearful, or at least cautious, over what the future might hold for businesses: the slowdown in China; the collapse in the price of oil; stock market woes, here and in Asia; and uncertainty surrounding Britain’s possible exit from Europe, to name just a few.
Jonathan Watmough
Managing Partner
RPC
The official launch celebration for The GC Powerlist: Austria 2026 took place on Wednesday, 17 June 2026, at the prestigious BelEtage premises of corporate law firm CERHA HEMPEL, in Vienna. Representing the fifth consecutive year that the firm has supported the event as the exclusive Austrian partner to The Legal 500. The gathering welcomed the elite of the corporate legal sector to celebrate the country’s most influential and innovative in-house legal counsel in an elegant, celebratory atmosphere.
The ceremony commenced with an opening address by Margherita Birri, Research Editor at The Legal 500, followed by a warm welcome from CERHA HEMPEL Managing Partner Clemens Hasenauer. The official keynote address was then delivered by Martina Wachernig, Head of Legal at VERBUND, who focused on the evolving demands placed on modern corporate legal teams and emphasized that today’s general counsel must blend strict risk mitigation with proactive commercial agility.
Throughout the evening, narrative and debate centred on the strategic hurdles facing Austrian businesses, specifically regarding the adoption and ethical implementation of artificial intelligence inside corporate legal workflows. Corporate leaders also addressed the challenges of navigating strict EU competition law, data protection, and modern cybersecurity protocols, whilst simultaneously driving compliance forward within expanding environmental, social, and governance frameworks. Attendees gathered for a lively evening reception featuring drinks and canapés, allowing the newly recognised honourees from the energy, financial services, tech, and manufacturing sectors to connect, benchmark, and celebrate their collective achievements.
Ultimately, the 2026 edition successfully cemented the vital importance of the in-house community to the Austrian economy, proving that after five years of continuous collaboration between The Legal 500 and CERHA HEMPEL, the event remains the premier national benchmark for legal excellence.