Great article in Corporate Counsel yesterday about the demise of Dewey shines a light on an area that is often overlooked: Lack of Formal Compliance. Most of my corporate peers live with compliance on a daily basis and have a fully staffed and managed compliance group. This would include everything from HIPPA compliance, sunshine act, whistleblower hot line, SOPs for reporting and so on. A week or so ago, our corporate risk officer asked me in passing if I knew if any of our law firms had compliance programs. I told him that they might have given a partner an additional title, but I doubt very much that any law firm we work with would have a full time compliance officer with all the authority and reporting of one of our peer companies.
I'd love to hear comments on this from both corporate peers and law firms...
Deweys Cautionary Tale of Culture and Compliance
View the full article here:
http://www.corpcounsel.com/id=1202648284159/Dewey%27s-Cautionary-Tale-of-Culture-and-Compliance