For some years now, international law firms in Asia have been putting in pro bono hours to fight human trafficking. But now, the battle against trafficking and other forms of modern slavery is also emerging as a fee-generating practice area.
Under the U.K.’s new Modern Slavery Act, which went into effect in October, companies doing business in the U.K. with an annual revenue of at least $52 million (£36 million) are now required to produce a disclosure statement identifying the measures they have taken in the past year to eliminate any forced labor or human trafficking within their supply chain. Companies whose financial year ended by March 31, 2016, are the first wave to be affected.
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