X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Recently a Corporate Counsel reporter decided to ask the five largest law firms about their internal compliance programs, and was met by either 1) platitudes or 2) crickets. In most cases, the reporter’s call was transferred to the firm’s PR manager faster than you could say “billable hour.” Nothing to see here!

This is curious, since you would think that law firms would want to show clients that their “expert advice” on compliance programs is backed by some institutional experience with such matters.

And the debate continues. Last week a law firm partner posted an “Apologia” for why law firms don’t have “typical” compliance programs (shorter version: they’re “special”). Although the author has produced a thoughtful and detailed piece on the many ways that law firms discharge their professional ethics responsibilities, we still hear crickets when it comes to the kind of meaningful compliance program envisioned by the Federal Sentencing Guidelines for Organizations. (Hint: the Guidelines don’t have any “special” exemption for law firms, which are clearly covered as “organizations.”)

Another explanation comes from law firm consultant John Remsen Jr.: “Law firms like autonomy, not rules. It is a pretty loose form of governance.” We think law firms could benefit from the same robust approach to compliance as the clients that they advise . . . about compliance.

In this spirit we offer some “inconvenient truths” for the law firm management committee:

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

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 © 2018 ALM Media Properties, LLC. All Rights Reserved.