Compliance and Legal Professionals at US/UK Corporations and Law Firms are Increasingly Challenged to Support Exponential Growth of Global Compliance Regulations
Global compliance regulations have increased exponentially in the past decade, placing unprecedented burdens on corporations. Today, Integreon released findings of its first Regulatory Readiness Report which shows that US and UK corporations and law firms are feeling increased operational pressure, risk exposure, and the impact on profitability and growth due to compliance surges. In turn, law firms are pressured to reduce costs and ramp up quickly and advise clients on regulatory events, requiring many to seek external resources to meet clients’ needs.
Conducted by Pensar Media, the Integreon Report polled 200 compliance and legal professionals in the US and UK to determine and assess the compliance challenges corporations and law firms face. The Report found that a staggering 82% of corporations agreed that responding to regulatory change creates operational