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In her role as senior counsel at Phillips 66, Kristina McQuaid is asked to do more than M&A. Much more.
She advises clients at all levels of the midstream business on a variety of commercial legal matters. She drafts and leads legal negotiations on a variety of commercial agreements involving purchase and sale, transportation, termination service, connection, reimbursement, assignments, transition services and confidentiality.
She provides legal support for approximately 25 operated and non-operated midstream joint ventures, including the drafting and amending governing documents; reviewing board resolutions, consents and meeting minutes; attending board meetings, and advising on corporate matters. She conducts due diligence related to potential acquisitions and dispositions, coordinates with colleagues and internal stakeholders — including investor relations, corporate communications, treasury, tax, finance, EHS and various other internal groups.
So, when The Texas Lawbook had the chance to ask a few questions about her work and her expectations of outside counsel. We jumped on it.
The Texas Lawbook: What has been your best day working at P66?
Kristina McQuaid: Every day keeps getting better and better. I feel valued at P66. I know I can reach out to others if I have questions, but I am trusted to do my job and have the support of the legal department.
TLB: What are the factors you consider when deciding about hiring outside counsel?
McQuaid: Phillips 66, as part of a recent business transformation initiative, has instituted certain policies regarding the selection of outside counsel. During my time at P66, we have primarily used incumbents who have historical knowledge and background on our assets. As a relatively new hire that has been tremendously helpful in M&A deals. My personal preference when hiring outside counsel is to hire someone who is detailed and has experience in the oil and gas industry.
TLB: What does outside counsel need to know about you?
McQuaid: I am very detailed and appreciate that trait in outside counsel. I should also warn outside counsel that I am one of those annoying morning people. I would much rather talk at 6 a.m. than 10 p.m.
TLB: What am I not asking that I should be asking?
McQuaid: What would you do as a profession if you were not a lawyer? I think I would be in the travel industry. If I could not practice law, I would like to own my own travel business and help others see the world.
Click here to read the full profile of Kristina McQuaid.