Legal
Law firms and lawyers are integral to the financial services sector. From advising on complex transactions and products, to preparing and making applications to the regulator for licenses and permissions, to dealing with regulatory enforcement cases, the role of the law firm as a partner to financial services companies is firmly established.
To ensure this relationship continues, law firms must be confident that they remain one step ahead. They need to be on top of global regulatory changes and emerging trends, aware of the latest enforcement cases and able to identify where their clients may be exposed to compliance and legal risk.
Law firms, like their clients, also have to meet the challenges imposed by stringent regulatory requirements, for example "know your customer" and record keeping obligations, as well as being able to identify and manage conflicts of interest as they arise.
Complinet's range of products and solutions has enabled a large number of international law firms to keep abreast of fast-moving regulatory change and balance the demands of their clients with the demands of the regulators.
Customers we have helped to meet these challenges include: Linklaters, Freshfields Bruckhaus Deringer, Latham & Watkins, Baker & McKenzie, Allen & Overy, Jones Day, Sidley Austin, White & Case, Weil Gotshal & Manges, Mayer Brown Rowe & Maw, DLA Piper, Sullivan & Cromwell, WilmerHale, Cleary Gottlieb Steen & Hamilton, Gibson Dunn & Crutcher, and Lovells.
Challenges and Solutions for the Legal Profession
| Regulatory Requirements | Challenges | Resolutions and Solutions |
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| Regulatory obligations arising in multiple jurisdictions. |
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| Enhanced due diligence requirements to fulfill CIP, KYC and AML obligations |
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| Drafting robust and accurate procedures and policies for clients that will withstand regulatory scrutiny |
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