As part of its recent Advanced Issues in Private Funds 2022 program, the Practising Law Institute (PLI) gathered a panel of three of the most senior GCs in the alternative asset management industry for an in-depth discussion about how their legal departments are organized; changes and challenges faced in recent years; tips for how GCs can stay at the top of their game; and ways outside counsel can improve. The panel was moderated by Paul Weiss partner Udi Grofman and featured Susanne V. Clark, senior managing director and GC at Centerbridge Partners, LP; Noah C. Goldberg, managing director and senior deputy GC at Citadel; and Tracey Brady Yurko, chief legal officer and corporate secretary at Bridgewater Associates, LP. This article outlines relevant takeaways from the discussion. For coverage of another PLI panel examining issues relevant to in-house counsel, see our two-part series: “Importance of In‑House Counsel Discerning Their Client and Managing Evolving Attorney‑Client Privilege Issues” (Jun. 21, 2022); and “Tips for How In‑House Counsel Can Navigate Typical Ethical Dilemmas and Conflicts of Interest in the Role” (Jun. 28, 2022).