Adhering to Compliance Mandates: Why the Big Four May Not Be the Safest Bet
By Leigh Vickery, published on Corporate Compliance Insights | June 5, 2020
As more states make plans to update their own privacy regulations, compliance officers and internal stakeholders are rightfully concerned about the potential legal, financial, and reputational risks of mismanaging data containing personal information. Many recognize this may not be a problem they can solve on their own and are wisely seeking outside expertise.
Meanwhile, the Big Four accounting firms are offering enterprise legal services to corporate law departments and, in effect, have become direct competitors to ALSPs and law firms. In their view, the surging demand for compliance audits looks to be another promising new opportunity in the legal services domain both in the U.S. and abroad.
Level 2 Legal Solutions Chief Strategy & Innovation Officer Leigh Vickery explains why your organization might not want to choose a Big Four firm.