Managing Legal Counsel - Litigation

T Rowe Price; Owings Mills (MD); On-site; USD 174,000 - 297,000; Full time

Benefits offered by this job

Hybrid work schedule

Annual bonus eligibility

Health and wellness benefits

PTO and volunteering days

Job summary

T. Rowe Price is seeking a Managing Legal Counsel – Litigation to lead its global litigation and investigations program and guide complex disputes affecting the asset management business.

The role sits in a Global Corporate Legal team and involves mentoring lawyers while engaging with business, compliance, risk, and external counsel across the globe. The ideal candidate will bring extensive litigation leadership, strategic judgment, and regulatory insight, with strong communication and

Qualifications

• Juris Doctor from an accredited law school.
• Active membership in at least one U.S. state bar and ability to become admitted in Maryland.
• 10+ years of litigation experience, including substantial responsibility for complex commercial litigation, regulatory investigations, or enforcement matters.
• Demonstrated experience managing outside counsel and litigation budgets.
• Strong strategic judgment and ability to assess legal, business, regulatory, and reputational risks.
• Excellent written advocacy, negotiation, communication, and stakeholder-management skills.
• Ability to influence senior executives and operate effectively in a highly regulated environment.

Responsibilities

• Lead the Company's global litigation and dispute resolution function, overseeing all litigation, arbitration, mediation, regulatory investigations, subpoena responses, and other contentious matters involving T. Rowe Price, its subsidiaries, affiliates, and sponsored investment products.
• Develop and execute litigation strategies in partnership with business leaders and outside counsel, balancing legal, financial, operational, regulatory, and reputational considerations.
• Advise senior management and business stakeholders regarding litigation exposures, emerging legal risks, settlement opportunities, and dispute avoidance strategies.
• Direct all aspects of outside counsel management, including selection, retention, performance oversight, budgeting, staffing, and evaluation of legal service providers.
• Manage responses to subpoenas, regulatory examinations, investigations, inquiries, and enforcement matters involving regulators such as the SEC, FINRA, Department of Labor, state regulators, and foreign regulatory authorities.
• Partner with business, Compliance, Risk, Internal Audit, Technology, Human Resources, and other control functions to investigate issues, preserve evidence, respond to discovery obligations, and implement corrective actions where appropriate.
• Provide legal support for disputes involving investment products, fiduciary obligations, securities law issues, employment matters, commercial contracts, intellectual property, privacy, cybersecurity, and other enterprise risks.
• Develop and oversee litigation reserves, budgets, reporting processes, and key performance metrics related to dispute management.
• Present significant litigation developments and risk assessments to senior executives, management committees, and, as necessary, the Board of Directors and its committees.
• Monitor legal and regulatory developments affecting the asset management industry and advise stakeholders regarding potential impacts on T. Rowe Price’s business, products, and operations.
• Lead, mentor, and develop attorneys and legal professionals supporting litigation and investigation matters.
• Promote efficient litigation management practices, including e-discovery, records preservation, legal operations, and alternative dispute resolution initiatives.
• Serve as the Company’s primary escalation point for significant litigation and investigation matters and establish enterprise-wide litigation management standards, reporting protocols, and best practices.

Skills

Litigation leadership

Litigation strategy

Stakeholder management

Negotiation

Communication

Regulatory knowledge

Advice to executives

Education

Juris Doctor

Job description

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

About the Role

Join our team as a Managing Legal Counsel – Litigation and play a pivotal role in the future of T. Rowe Price, all while developing your expertise in a dynamic and supportive environment. This is an opportunity to join a Global Corporate Legal team, as the lead attorney managing all Litigation matters impacting T. Rowe Price. You will lead a team who handle our litigation docket, advise the business on responses and courses of action, and provide counsel on new legal developments, especially as they impact our asset management business. This team works with a variety of business, compliance, risk, and legal associates across the globe dealing with novel legal and regulatory issues, helping to incorporate privacy and data protection into everything we do in service of the T. Rowe Price mission.

Role Summary

Provides specialized, expert legal counsel to multiple businesses or functional areas. Often seen as a legal practice area expert, advising business or functional area leaders on legally sound courses of action in the resolution of business problems. Has a breadth of expertise across multiple key legal issues that are strategically relevant to assigned businesses or functional areas. Viewed as a trusted internal resource capable of using knowledge of the organization’s businesses, products, services, and/or strategies to articulate and advance complex legal positions. Contributes to establishing the organization’s professional standards in areas of expertise. Responsible for assigned matters, and may assign work to less experienced attorneys or other legal staff.

Responsibilities

• Lead the Company's global litigation and dispute resolution function, overseeing all litigation, arbitration, mediation, regulatory investigations, subpoena responses, and other contentious matters involving T. Rowe Price, its subsidiaries, affiliates, and sponsored investment products.
• Develop and execute litigation strategies in partnership with business leaders and outside counsel, balancing legal, financial, operational, regulatory, and reputational considerations.
• Advise senior management and business stakeholders regarding litigation exposures, emerging legal risks, settlement opportunities, and dispute avoidance strategies.
• Direct all aspects of outside counsel management, including selection, retention, performance oversight, budgeting, staffing, and evaluation of legal service providers.
• Manage responses to subpoenas, regulatory examinations, investigations, inquiries, and enforcement matters involving regulators such as the SEC, FINRA, Department of Labor, state regulators, and foreign regulatory authorities.
• Partner with business, Compliance, Risk, Internal Audit, Technology, Human Resources, and other control functions to investigate issues, preserve evidence, respond to discovery obligations, and implement corrective actions where appropriate.
• Provide legal support for disputes involving investment products, fiduciary obligations, securities law issues, employment matters, commercial contracts, intellectual property, privacy, cybersecurity, and other enterprise risks.
• Develop and oversee litigation reserves, budgets, reporting processes, and key performance metrics related to dispute management.
• Present significant litigation developments and risk assessments to senior executives, management committees, and, as necessary, the Board of Directors and its committees.
• Monitor legal and regulatory developments affecting the asset management industry and advise stakeholders regarding potential impacts on T. Rowe Price’s business, products, and operations.
• Lead, mentor, and develop attorneys and legal professionals supporting litigation and investigation matters.
• Promote efficient litigation management practices, including e-discovery, records preservation, legal operations, and alternative dispute resolution initiatives.
• Serve as the Company’s primary escalation point for significant litigation and investigation matters and establish enterprise-wide litigation management standards, reporting protocols, and best practices.

Qualifications

Required:

• Juris Doctor from an accredited law school
• Active membership in at least one U.S. state bar and ability to become admitted in Maryland
• 10+ years of litigation experience, including substantial responsibility for complex commercial litigation, regulatory investigations, or enforcement matters
• Demonstrated experience managing outside counsel and litigation budgets
• Strong strategic judgment and ability to assess legal, business, regulatory, and reputational risks
• Excellent written advocacy, negotiation, communication, and stakeholder-management skills
• Ability to influence senior executives and operate effectively in a highly regulated environment

Preferred:

• Experience advising asset managers, investment advisers, broker-dealers, banks, insurers, or other regulated financial institutions
• Experience managing SEC, FINRA, Department of Labor, state attorney general, or other regulatory investigations and enforcement matters
• Familiarity with securities laws, Investment Advisers Act, Investment Company Act, ERISA, and fiduciary-duty litigation
• Experience leading significant internal investigations and responding to government subpoenas and information requests
• Strong experience managing complex e-discovery matters and large-scale document productions
• Demonstrated success managing high-value commercial disputes, class actions, securities litigation, or regulatory enforcement matters

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home. Our offices are in Baltimore, Maryland.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$174,000.00 - $297,000.00 for the location of: Maryland, Colorado, Washington and remote workers

$191,000.00 - $327,000.00 for the location of: Washington, D.C.

$218,000.00 - $350,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.