Keeping the house in order
The burden of meeting regulatory requirements has hit business hard post Enron. But it is not just the clients that are struggling, law firms are waking up to the need to shake up their own corporate governance procedures. A new breed of 'general counsel' is emerging - the adviser to the advisers. Angus Leslie Melville reports
Prevention is better than cure and leading UK law firms are beginning to take this on board as they follow in the footsteps of their US counterparts by taking on a new breed of lawyer – dedicated in-house advisers to ensure internal regulatory compliance.
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