Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm News
Author: Scarinci Hollenbeck, LLC
Date: July 22, 2015
The Firm
201-896-4100 info@sh-law.comThe “2015 Corporate General Counsel Survey” polled more than 250 in-house counsel who work in a wide range of industries. The survey specifically sought views on the key threats to business growth, most notably cybersecurity to regulatory compliance.
With regard to their business’s efforts to comply with current regulatory requirements, more than two-thirds of the respondents stated that the current regulatory environment made it harder to do business. Nearly 40 percent reported the current regulatory environment has diverted resources from the company’s core competencies. In addition, a significant percentage of the participating in-house lawyers believed that the current regulatory climate decreased profits or impeded growth (29 percent and 21 percent, respectively).
In response to regulatory oversight and enforcement issues, in-house counsel reported that they are making changes to the way they manage risk. The most common compliance activities were strengthening policies and procedures (70 percent) and increasing education and training (60 percent). The respondents also reported engaging outside advisers/consultants (41 percent) and adding internal compliance personnel (36 percent) to help manage risk. To reduce the regulatory burden, some respondents indicated that they are turning to technology. However, only 28 percent have implemented software tools and 21 percent have utilized data analytics.
The survey also revealed that many in-house lawyers remain unconvinced that the all of the extra work is worth it. While many report increasing compliance efforts, 91 percent of those that made changes to the way they manage their risk are still unsure whether their approaches are effective. The sentiment is especially prevalent with regard to cybersecurity. While nearly all of the respondents reported that they have taken measures to address cyber risk, only 17 percent believe that they are well prepared to address a data breach.
While lawmakers have been working to make the state more business friendly, New Jersey is notorious for its high cost of doing business. If you are contemplating forming or buying a business in the state, consulting with an experienced New Jersey business attorney can help you cut through the red tape and take steps to ensure that you don’t face compliance problems down the road.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
FeedSpot Recognizes Donald Scarinci’s Government & Law Blog One of the Top 20 Public Law Blogs Little Falls, NJ – May 22, 2025 – Scarinci Hollenbeck, LLC is honored to share that Managing Partner Donald Scarinci’s Government & Law blog has been listed by FeedSpot.com as one of the “20 Best Public Law Blogs and […]
Author: Scarinci Hollenbeck, LLC
SH Partner and 100th Bomb Group Foundation Legal Counsel Discussed The Nuremberg Trials and the Law May 21, 2025 – Little Falls, NJ – Scarinci & Hollenbeck, LLC is proud to share that partner Ronald S. “Ron” Bienstock recently spoke at the 100th Bomb Group Biennial Reunion, held May 15-18, 2025, in New Orleans. The […]
Author: Ronald S. Bienstock
Little Falls, NJ – May 1, 2025 – Scarinci Hollenbeck, LLC is proud to share that Managing Partner Donald Scarinci’s Constitutional Law Reporter blog has been listed by FeedSpot.com as one of the “Top 100 Legal Blogs.” No Aspect of the advertisement has been approved by the Supreme Court. Feedspot, a content reader that curates websites of […]
Author: Donald Scarinci
Little Falls, NJ – May 1, 2025 – Scarinci Hollenbeck, LLC is proud to share that Managing Partner Donald Scarinci’s Government & Law blog has been listed by FeedSpot.com as one of the “80 Best New Jersey Blogs and Websites in 2025.” *No Aspect of the advertisement has been approved by the Supreme Court of New […]
Author: Donald Scarinci
Scarinci Hollenbeck Partner Nathanya G. Simon named by ROI-NJ to the “ROI Influencers: Women in Business” list for fourth consecutive year Scarinci Hollenbeck Partner Nathanya G. Simon has been named by ROI-NJ to the “ROI Influencers: Women in Business” list for 2025. After four decades of practice, Nathanya’s pioneering influence in the field of special […]
Author: Nathanya G. Simon
Congratulations Angela Turiano on appointment as Director of Legislative Affairs for SHRM Princeton April 17, 2025 – Little Falls, NJ – Scarinci & Hollenbeck, LLC congratulates Partner Angela Turiano on her appointment as Director of Legislative Affairs for SHRM Princeton. Along with serving as a member of SHRM Princeton’s leadership team, Angela will monitor pending legislative, regulatory, […]
Author: Angela A. Turiano
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!