Legal news and trends for Canadian in-house counsel and c-suite executives
Issue link: https://digital.canadianlawyermag.com/i/143348
opportunity to add value in the organization but it's certainly a growing element. I talked earlier about value creation and risk mitigation, and this really falls into the risk mitigation. I can say eight years ago we were spending very little time on it and today I spend a significant amount of time on it. There has clearly been a shift and trend in that direction. ALLGOOD: We are much more segment- goes with copyright and the steps that we have to follow, but that is something that has been core for us. I don't see it as a pressure but just something to keep in mind. JOHNSON: We are not in a regulated in- dustry but the one area that concerns me now is the U.S. export control and the application of that. ed in that sense and we have a huge compliance department. I have 180 lawyers but we have 600 compliance professionals. We have the regulatory affairs groups and these three groups all interact, but the rate of change has put a lot of pressure on our daily work because there is a continuing level of change, whether it's from Basel in Europe or the U.S. and Dodd-Frank, we have continual regulatory change which we need to keep on top of. It's one of the growth areas from a hiring perspective — compliance professionals — it is a growing area. There are lots of lawyers, but if you want to advise someone to develop a career who is a lawyer — becoming compliance professional — it's a scarce commodity. All the regulators are much more intrusive than they used to be. Not just in the regulations that they pass, which is one thing, but the number of examinations and the amount of reviews and the amount of information they request puts a lot of pressure on the existing entity. It's demonstrably more than it was five years ago. DURAND: I don't work in what I would call a regulated industry like pharma and financial but there are still compliance issues, particularly when your parent company is in another country, and then there are general compliance issues about internal compliance. I find I am doing a lot of work in that area just educating at this point. That is something that has fallen into the legal function. AHMED: We fall into two groups. On one hand it's similar to Tracey. On the business side it's not as highly regulated. I think we have seen a lot of growth in terms of the internal compliance and now as we move to external we have to be mindful of what's new. There is a lot that LEWIS: Information and privacy in par- ticular and in addition to the government legislation, copyright is an issue. We also have an internal governance system — legislation, the division of power within the university, between the academic set and the board of governors, and we have student appeal procedures that have to be administered — all of that comes to our office with management or advice. IH 2013-2014 ALBERTA LEGAL TELEPHONE DIRECTORY Alberta Legal Telephone Directory is all about your legal community connecting you to the lawyers and law offices you need in Alberta, Northwest Territories, Nunavut and Yukon. Published annually for over 30 years, it keeps you connected with new and updated names, mailing addresses, email addresses, phone numbers and fax numbers each year. Searching is easy with: and law firms Also quickly and easily access: One time purchase $41* On subscription $41* L88804-624 (*Plus applicable taxes) … and more. Durable spiralbound format saves on wear and tear of everyday usage! 2013-2014 Alberta Legal Telephone Directory – the right connections made easy. Order your copy today. Visit www.carswell.com or call 1-800-387-5164 for a 30-day, no risk evaluation w w w. c a n a d i a n law y er m a g . c o m / i n h o u s e ntitled-1 1 august 2013 • 25 13-06-26 7:49 AM