Law firms predicted to move into reputation management for clients

Law firms are likely to become lead advisers in new advisory markets that are opening up to help clients respond to a growing demand for accountability and transparency.
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Law firms will be in demand as a greater need develops for corporate accountability Den Rise

Demand is expected to rise for accountability and transparency from businesses as well as from governments, according to consultants involved in the Law2023 project. In a world in which employees and others leak compromising information to Wikileaks and other organisations, the consultants believe that 'new tools' will have to be developed to protect the credibility and reputation of public and private entities. 

Remaining credible

Consultant Timothy B Corcoran of Corcoran's Business believes that law firms are among the leading candidates to provide this kind of assistance. He says: 'Law firms can help not only help repair trust in other institutions, they can do so not merely by erecting walls around institutions’ secrets but by developing policies and practices that help these organizations remain transparent and credible.' Source: JD Supra

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