The role of general counsel is becoming broader, more demanding and increasingly important due, at least in part, to today’s intense and ever-changing regulatory environment, according to a new survey of U.S.-based business and legal executives in the financial services industry.

The report from K&L Gates and Forbes Insights also found that over the next three years the most in-demand lawyers will be those who have expertise with regulatory compliance, fraud protection, risk management, data protection and consumer law compliance.

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