Partners remain bullish regarding the ethics and governance standards at major commercial law firms despite several high-profile investigations involving alleged financial wrong-doing. The latest Legal Week Big Question survey found that 56% of respondents think the quality of financial monitoring and governance frameworks at major law firms is ‘good’ or ‘excellent’. A further 25% believe such standards are ‘OK’, while 18% said they are either ‘poor’ or ‘could be better’.
Despite high-profile allegations of financial wrong-doing coming to light in recent weeks, over half of partners believe firms’ financial controls and governance frameworks are working effectively. Simon...
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