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Compliance Specialist is a New Role Law Firms are Considering - Join the Crowd

published May 19, 2009

By CEO and Founder - BCG Attorney Search left
Published By
( 92 votes, average: 5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
The job of compliance specialist has already been defined in many businesses. There are currently job openings in many industries which must hire a specialist to see that they comply with their own special set of regulations. The law firms have been throwing the duties in several different directions and now think it is time to standardize the position. Will they use attorneys to set policy and standards for ethics advice on internal issues and how about malpractice issues? To date it has been handled by a specific attorney assigned by the firm to be a ''risk manager''. Others have called them ''general counsel'' for managing assertions against the firm. Advocates believe that in-house compliance specialists can play an important role by bringing firm-wide awareness to ethical issues. The panel, who is researching the new position for law firms, has said they know there are problems in firms but no one hears about it because there is no professional appointed to listen or find these problems.
 
Compliance Specialist is a New Role Law Firms are Considering - Join the Crowd

The job of researching this new position encompassed 32 law firms with 75 to a 1,000 lawyers on staff. The questions concerned current law practice managers who are titled:

 
  • Ethics advisors
  • General counsel
  • Loss prevention partners
  • Conflicts committee chairs
  • Other lawyers whose titles seem to indicate a diverse set of management roles.

Should all these titles be compiled into one, Compliance Specialist?

The second question asks who should be the Compliance Specialist. Should this person be a committee member, a lawyer or a person who specializes in compliance? Interviews are now being done in large firms to assess their opinions.

A major consideration for the job is overhead for the firm. The person to handle the job could not charge billable hours to clients so there is no income associated with the position. Do firms think they can afford to continue to pay an attorney with no billable hours or do they want to hire a more affordable manager from the compliance field? The jury is still out on this one. However, a decision is forthcoming.

Here’s the good news for Compliance Specialists. They are already working in all other industries to keep companies on their toes. Their job duties are well defined and most industries don’t require anything beyond a four year degree. The salaries range from $40K to $60K depending on education, experience and location. Specialists must be very detail oriented and sometimes specialized in specific business law knowledge like International Trade or Health Care. There are currently 4 year degrees being offered for Compliance Specialists. It’s a new field but the jobs are expected to increase over the next 5 years as government and government contracts require compliance in industry. If law firms join the bandwagon it means even more legal jobs for Compliance Specialists.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published May 19, 2009

By CEO and Founder - BCG Attorney Search left
( 92 votes, average: 5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.