In a post GFC landscape financial service firms and other businesses are faced with increasingly burdensome regulatory constraints. For modern law firms, helping their clients respond by providing advice that incorporates risk expertise could be an opportunity to differentiate says Ashursts Ben Tidswell.

Ben says “Against the backdrop of a more exacting – and potentially more punitive – compliance landscape, clients are increasingly looking to their legal advisers to shoulder more of their own wider risk burden. This has meant a growing expectation that law firms go beyond the strict scope of a particular matter, adding value by providing wider risk analysis to complement standard risk assessment services. This is a clear departure from traditional mandate-driven legal services, fostering the emergence in law firms of a far more integrated and holistic approach to risk.”

Read the complete comment below:-

Comment: Ashurst's Ben Tidswell argues a volatile risk landscape is a call to arms for modern law firms | www.legalbusiness.co.uk

One of the many lasting consequences of the downturn has been a prolonged expansion of the globalised compliance framework. Increased oversight of financial markets has been at the forefront of this development, as reflected by the passage of the US Dodd-Frank Act in 2010 and a succession of EU directives.

About Encompass Corporation

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, Encompass Corporation is the creator of a unique and innovative family of visual products that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

Uncover logoVerify for Law logoEncompass Assess

Working on an interesting matter or case? Simply give us the name of the company, person or property you’d like to visualise and we’ll search it for you in Encompass!

Yes please, tell me more

Share This

Share this post with your friends!

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close