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Corporate Counsel

New testing regime required under Dodd-Frank

One year after annual stress testing requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act became effective for banks with more than $50 billion in assets, the next phase of testing looms. And this time, it will apply to a large new subset of financial institutions. Starting...
14 minute read

Corporate Counsel

Mistakes and realities of implementing and executing effective compliance programs

A Morgan Stanley managing director ended up in prison for committing substantial Foreign Corrupt Practices Act (FCPA) violations, but the strength of the companys compliance program helped it avoid enforcement actions from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
13 minute read

Corporate Counsel

Even as the economy recovers, law departments are still under pressure to do more with less

As the U.S. economy gradually emerges from recession, the legal job market has been slowly but steadily improving. According to the latest data from the U.S. Bureau of Labor Statistics, the legal services sector added a modest 6,300 jobs in the past year, consistent with the gradual recovery in other...
9 minute read

Corporate Counsel

Sara Moss, General Counsel, The Estée Lauder Companies

Moss, executive vice president and general counsel of The Este Lauder Companies, has a diverse background in the legal industry, from serving as a clerk for a U.S. District Judge to serving as senior litigation partner at Howard, Smith & Levin (now Covington & Burling), a New York City-based law...
6 minute read

International Edition

Legal risk moves up boardroom agenda amid increasing pressure from regulators

There has been a sharp increase in how often regulatory and legal risk is discussed at board meetings, with 43% of companies discussing the subject at every meeting, up from 23% in 2012, according to the latest Legal Week Intelligence Corporate Risk Benchmarker, published in association with Deloitte. Risk was an 'infrequent' discussion at just 18% of companies. Legal risk was a board issue for 70% of companies with mid-sized turnover (£500m to £1bn) and least commonly discussed at board level at companies with a turnover of £1bn to £5bn (25%). "If there is an increasing compliance workload and an increase in board attention in some companies, it is perhaps because regulators and the authorities have been trending towards higher fines and more aggressive investigations," said Robert Cummins, assistant general counsel at satellite communications company Intelsat (pictured). "The bottom line is that the regulators are getting better at making the management feel the heat."
2 minute read

Inside Counsel

Companies become more transparent with association donation disclosures

Companies like to throw around the word transparency, and some are actually putting it into practice.
2 minute read

Inside Counsel

Cybersecurity strategies essential to law department operations

Viruses, fraud and intrusion can leak sensitive information and potentially damage your infrastructure. Now more than ever, effective strategies that address current and future cyber risks are essential to the operation of your department.
4 minute read

Inside Counsel

U.S. charges loom for some London-based brokerage firm's employees

Just as it closes the door on charges with British and U.S. authorities, the staff of a London-based brokerage firm may not be quite finished with its troubles on this side of the pond.
4 minute read

Inside Counsel

Regulatory: Securing information stored on mobile devices

With penalties beginning to be imposed in connection with reported HIPAA breaches, companies should take all possible steps to minimize a breach's occurrence.
4 minute read

Inside Counsel

Regulatory: The fracking debate creates a fractured legal landscape

Demands for disclosure create a quandary for industry, who regard the composition of these fluids as highly valuable trade secrets.
7 minute read

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