If your company has an in-house compliance function, where does it live? In about 40 percent of companies polled for a recent survey, the legal department owned compliance, while in another 24 percent the in-house lawyers shared the compliance responsibility.
And the more highly regulated the company, the more likely the legal department is to hold primary responsibility for compliance, according to research by Mitratech Holdings Inc., a provider of legal management solutions to Fortune 500 and other global law departments.
