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Why the best law firms are making compliance a strategic advantage
['Legal Futures']
Legal Futures
By Legal Futures Associate Osprey ApproachFor many law firms, compliance is still viewed as a regulatory obligation rather than a driver of business success.
Compliance is a team effortEloise stresses that compliance professionals are allies, not adversaries.
Although initially uncomfortable with the term “influencer”, she now recognises the value of sharing insights that help firms better understand compliance.
The risks firms can’t ignoreLooking ahead, Eloise believes firms should focus on three areas: ethics, anti-money laundering and technology.
As AI and legal technology become increasingly embedded within legal practice, compliance professionals will play a vital role in helping firms innovate responsibly.