As an initial matter, it is useful to understand how in-house lawyers are classified. These lawyers have a single client, Price Waterhouse, and they are organized in an hierarchal fashion. The General Counsel is the top in-house attorney, the Associate General Counsel are the lawyers responsible for managing the different legal divisions, and the Corporate Counsel are lawyers whom work in the separate legal divisions. These lawyers decide which legal issues shall be handled in-house by the corporation and which legal issues shall be allocated to outside law firms. Price Waterhouse has several employees with qualifications in both the law and accounting; however, their formal in-house counsel team consists of fifty seven lawyers in the United States and abroad. These lawyers work in a variety of legal divisions.
The legal work at Price Waterhouse Coopers is divided into several divisions with related sub-divisions. Business transactions, for instance, is a legal division with deals with the lifecycle of various business organizations. These in-house lawyers deal with corporate formations, mergers and acquisitions, divestment, valuation issues, and corporate finance issues. There is also a tax division which addresses a wide variety of American and international tax issues.