Connection – it goes both ways

It’s a common refrain: law firms are not giving in-house teams what they want, in the way that they want it.

Amid the disruption of alternative providers and increasing automation of services, law firms should be listening closely to their clients. But, according to a recent report published by LexisNexis in collaboration with Judge Business School at the University of Cambridge, many are not.

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The changing face of compliance

Corporations today are facing far greater regulatory scrutiny than ever before. Companies are grappling with stricter enforcement around corruption, cybersecurity, fraud, money laundering and data protection, to name but a few. Those operating in sectors such as banking, financial services, insurance, energy, pharmaceuticals and information technology are finding themselves increasingly under the spotlight, where penalties for non-compliance can be substantial.

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Foreword: Todd McClay

Asia Pacific is a very important part of the world and one whose significance continues to grow. These are a group of countries with large populations who are starting to grow very, very quickly. Individually, their economies are developing, while their engagement with the global economy is changing. Increasingly, they’re seeking external investment, while demand from consumers for goods and services continues to grow.

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Respect for the law: the Bingham Centre Business Network

‘The clearest way to show what the
rule of law means to us in everyday
life is to recall what has happened
when there is no rule of law.’

So said Dwight D. Eisenhower. But for global businesses, often headquartered in countries that have long enjoyed the benefits of a robust judiciary, the connection between rule of law and profitability might not always be so obvious.

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