Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
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.
NYC Real Estate and Litigation Attorney Ryan O. Miller and Team Join Scarinci Hollenbeck, LLC New York City, NY – August 13, 2025 – Scarinci Hollenbeck, LLC has strengthened its Real Estate and Litigation practices with the addition of four New York City-based attorneys. Ryan Miller, who joins as a partner, is well known for […]
Author: Scarinci Hollenbeck, LLC
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
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!