Commercial Counsel
Abbott
This listing was originally posted on Abbott's careers page. Formulate is an equal opportunity job aggregator and is not involved in the hiring process. Where salary information is estimated, it is derived from BLS industry benchmarks and may differ from actual compensation.
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Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
Career development with an international company where you can grow the career you dream of.
An excellent retirement savings plan with high employer contribution
Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
This position works out of our Lake Forest, IL location in the Legal division supporting Abbott’s Core Diagnostics division. The Core Diagnostics division offers a range of diagnostics platforms to empower smarter medical and economic decision-making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people. Our diagnostic solutions are used in hospitals, laboratories, and clinics around the globe. The crucial information derived from our tests, instruments, and informatics systems is often the first step in patient care decision-making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.
The attorney will be expected to identify and resolve complex legal issues to support the operations of this business. The attorney will be responsible for acting as day-to-day legal advisor, working closely with the business on a broad range of legal and commercial issues.
What You'll Work On
The successful candidate must possess strong knowledge of corporate and commercial/transactional law and demonstrated expertise in drafting and negotiating complex commercial agreements and advising and counseling clients on a range of business transactions and operational matters. Experience with general corporate law matters, commercial agreements for traditional and digital products and healthcare industry is preferred. Core job responsibilities include:
Advising and ensuring that internal stakeholders receive sound, practical, and timely legal advice on a wide variety of legal matters related to operation of a commercial business that markets and sells to healthcare institutions, government entities, healthcare professionals and distributors.
Drafting, negotiating, and reviewing a wide range of agreements, including complex matters relating to sales, distribution and marketing of assays, instruments and digital health products.
Advising multidisciplinary teams on marketing strategies and approval of promotional materials.
Resolving legal issues using negotiation skills and legal expertise, including pre-litigation dispute resolution and settlements.
Assisting in the creation of new template agreements, playbooks, guidance documents, and training to support efficient contracting processes for various business functions.
Maintaining familiarity with laws that affect the business and provide basic counseling on those laws, including those relevant to sales and marketing of products to healthcare professionals and reimbursement by government programs including, for example, laws related to fraud and abuse (Anti-Kickback Statute, False Claims Act), FDA regulation (Food, Drug & Cosmetic Act), privacy (HIPAA), anti-corruption (Foreign Corrupt Practices Act), intellectual property and regulations pertaining research and development.
Representing Abbott externally to suppliers and customers.
Supervising and directing outside counsel as needed.
Working in close cooperation with compliance organization to coordinate and streamline efforts.
Identifying training needs and assisting in development and presentation of training and education regarding legal requirements and developments.
Developing a thorough understanding of and familiarity with Abbott’s businesses, its people, products, markets, facilities, customers, and competitors, and use this knowledge in providing guidance and counsel to the business team.
Infrequent and minimal travel may be required (>10%).
This position will interact with the Legal, Compliance, Regulatory, Quality, Scientific and Medical Affairs, Finance, Marketing and Commercial/Sales Departments.
Critical Success Factors
Good Judgment: Demonstrate expertise and sound judgment, understand how assigned responsibilities support Abbott’s business objectives, and be able to provide practical, risk-balanced advice based upon a thorough understanding of the scope of an issue, taking full advantage of internal networks and external intelligence.
Collaboration: Firm understanding of available legal, functional, and business resources and ability to integrate information from a number of sources to achieve business results, including breaking down boundaries to create alignment as necessary, in a complex, global, matrixed environment.
Anticipation: Holistic, big picture thinker, who anticipates changes in law, enforcement, and/or business objectives and adapts approach as necessary to manage risks effectively and mitigate issues before they arise.
Influencing Skills: Build strong relationships with business partners to tactfully influence and gain their support to drive desired outcomes. Represent Abbott externally to customers, suppliers, competitors or government agencies; and resolve legal issues using negotiation skills and legal expertise.
Required Qualifications
Juris Doctor degree from an accredited law school, demonstrate a strong academic background, and have, or be able to obtain, appropriate licensure to practice law in Illinois.
5+ years of experience as a commercial attorney at a top law firm or in-house.
Preferred Qualifications
Healthcare industry or other relevant industry experience strongly preferred.
Ability to handle multiple projects in fast-paced environment and exercise sound commercial and legal judgment.
Ability to independently handle complex matters with minimal supervision and understand which issues to elevate to senior management and the appropriate timing for doing so.
In addition to top-notch legal skills and a strong ethical center, excellent interpersonal, strategic thinking, communication and organizational skills
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on X (formerly Twitter) @AbbottNews and @AbbottGlobal.
The base pay for this position is
$129,300.00 – $258,700.00In specific locations, the pay range may vary from the range posted.
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
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