Partner fraud scandals exception not rule

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 Petersen reports

Partners remain bullish regarding the ethics and governance standards at major commercial law firms despite several high-profile investigations involving alleged financial wrong-doing.

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