Mitratech’s latest market-wide survey offers compelling data that compliance and legal challenges are converging, offering opportunity for General Counsel to play a more strategic role across the enterprise
AUSTIN, Texas, September 3, 2014 – Mitratech, the leading provider of integrated matter management, e-Billing, legal hold, and compliance solutions for legal departments of all sizes, today published its latest research in the white paper, “At the Intersection of Legal and Compliance: The Opportunity for General Counsel to Meet Increasingly Complex Compliance Requirements and Lower Business Risk.”
As compliance demands expand in both quantity and financial impact, compliance and regulatory issues are at the forefront as a top priority for General Counsel, although the role that they play in this function is still evolving.
“There is a clear opportunity for General Counsel to embrace their role as a change agent within the enterprise and to take a leadership position at the intersection of legal and compliance challenges,” said Martin Goulet, Mitratech’s Senior Product Manager for Governance, Risk, and Compliance (GRC) solutions.
This new research is based on findings from a market-wide, cross-industry survey of legal departments conducted during the summer of 2014. Among the highlighted findings from the survey include the fact that the legal department has primary responsibility for the enterprise compliance function in 40% of surveyed organizations. This responsibility is increasing as the role of the Chief Compliance Officer and General Counsel become more tightly intertwined, and legal departments are staffing up to meet these compliance needs.
Through a comparison of two recent FCPA violation cases with dramatically different outcomes, the new whitepaper outlines how the legal department can put in place the policies, controls, and organization structure that will lead to lower overall business risks in spite of increasing compliance challenges.
The whitepaper can be downloaded from the Mitratech website starting today.
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Mitratech is the leading provider of fully integrated enterprise legal management solutions for global legal departments of all sizes, including more than 25% of the Fortune 500. Mitratech’s offerings include the proven TeamConnect and Lawtrac product platforms, both of which offer integrated matter management, e-Billing, legal hold, contracts management, entity management and compliance solutions. Mitratech clients are able to prove demonstrable value creation for their organization by automating legal workflows, improving business outcomes through actionable data and insight, increasing collaboration with external partners, and reducing overall legal spend. To learn more, visit www.mitratech.com.