Plaudits for Work in Tech Sector—Now to Taco BellRESTAURANTS: Weintraub brings track record of cost cuts Saturday, September 29, 2012
Weintraub’s early tenure at Broadcom also saw him take on responsibility for a team of 10 staffers handling import and export compliance. They had been shifted from the operations department to legal, a move that led Broadcom to bring more legal work in-house.
“At the time the company was spending a whole bunch of money on outside counsel,” Weintraub said.
Templates were made and certain processes automated to make the in-house work easier, resulting in an 80% reduction of expenses for outside counsel over two years.
Weintraub also is credited for his role in helping create Broadcom’s international preferred provider law firm program, a guide for the company’s lawyers to find the right outside legal help in the 24 countries the company operates. That led to another significant cut in outside counsel fees for Broadcom.
Weintraub said the intersection of law and business has always fascinated him. His interest in law goes as far back as high school, when he participated on a mock trial team. His parents had pushed for him to study law. He attended Stanford University, and initially aimed for medicine but said he “quickly decided the sciences weren’t going to be for me.”
A bachelor’s degree in political science led to a two-year stint at Washington, D.C., economic consulting firm Economists Inc.
“As it turned out, most of their clients were law firms,” Weintraub said. “I found myself wishing I was doing what the lawyers were doing.”
Weintraub attended the University of California, Berkeley’s school of law, and worked as an associate at appellate firm Horvitz & Levy LLP and Howard Rice Nemerovski Canady Falk & Rabkin LLP, which combined with Arnold & Porter LLP last year.
Going in-house was always the goal.
“At a law firm you can spend a lot of time doing a lot of legal research, especially at the associate level,” Weintraub said.
It is a different pace working at a company, Weintraub said.
“As important as it is to take the time to find the right answer to legal questions that you’re asked, you also have to know when to stop,” Weintraub said. “Companies are running a business and that has to be the first thing in your mind—how can I make money for my client while protecting them legally?”
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