US law firms have reaped the benefits of the post-Enron corporate world,with a large number of companies soliciting their help with a daunting task of Sarbanes-Oxley compliance.
Many firms have begun to realise the need to keep their own houses in order and, like any other company, ensure they comply with an increasingly stringent regulator. Consequently, an increasing number are appointing a designated general counsel of their own to keep the regulators at bay.
US consultants Altman Weil’s second survey of general counsel at the top 200 US law firms reveals more than twothirds (69%) of firms which responded to the survey now have a firm-wide general counsel, up from 63% last year.
