As recent headlines show, compliance is of growing importance to corporations. Simultaneously, compliance is also increasingly under the legal department’s umbrella of responsibility. Corporate Counsel recently posted about this in Sea Change in GC Role Requires New Competencies, while InsideCounsel discussed a similar topic in Understanding the challenges of consolidating the general counsel and corporate compliance officer.
Across the pond, Legal Week posted about compliance issues intersecting with legal in A team of two-why GCs and chief compliance officers must work in tandem. It is clear that the legal industry is becoming progressively more involved in compliance, and therefore shoulder many of the challenges and responsibilities that this sector faces.
In July and August of 2014, Mitratech performed a survey of corporate legal departments regarding their current and future roles in compliance. We will be publishing these findings in an upcoming whitepaper: The Role of the Legal Department in Enterprise Compliance. Click here to see more information on the findings from this survey, as well as register to receive an advanced copy of the whitepaper.