Thank you for sharing!

Your article was successfully shared with the contacts you provided.
An increasing number of in-house counsel believe attorney-client privilege during government investigations has been damaged, and many companies are boosting their investment in compliance programs to minimize their risk, according to a new Association of Corporate Counsel survey. More than 90% of in-house counsel believe attorney-client privilege during government investigations is non-existent or severely damaged. In the association’s 2005 survey, 74% of respondents expressed those views. To reduce the risk of corporate scandal, 70% of companies conduct risk assessments, compared with 58% in 2005. Companies use internal document reviews and executive and employee interviews to gather information for risk assessments. Compliance continues to be a high priority for companies with 67% of all organizations spending up to $250,000 a year on ethics and compliance and 37% of companies with 25,000 to 49,999 employees spending between $1 and $5 million a year. More than 75% of companies who responded to the survey also conduct formal Code of Conduct trainings. The results illustrate the proactive approach of in-house counsel to improving their compliance programs and evaluating their efforts, said Deborah House, the vice president and deputy general counsel of the Washington-based association. “However, the ongoing threats to attorney-client privilege have taken a toll,” House said. Of the 458 in-house counsel who participated in the survey, more than 45% were from publicly traded companies. The association conducted the survey with Corpedia Inc., a Phoenix-based risk assessment and ethics and compliance company.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.