Over recent years, the role of the risk and compliance professional has become broader in scope. They are often expected to be an expert in the application of solutions in sometimes complex situations, and to be an essential contributor when considering business strategy activities. This is due a combination of increased regulatory burden in the sector as well as external pressures affecting the legal industry. Forward-thinking law firms are beginning to embrace the fact that effective engagement in this area can not only help mitigate the risk of a regulatory issue or destructive reputational incident, but can actually (…and tangibly) increase profits
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