According to reports, US Securities & Exchange Commission chief Harvey Pitt spelled out the new measures to regulate corporate lawyers in an address to the American Bar Association.
Despite objections from lawyers over client confidentiality, Pitt said corporate lawyers were accountable to shareholders of public companies, not company executives, in the same manner expected of accountants.
He said the measures were included in the Act because its authors were sceptical about the ability of lawyers to police themselves, and said it was the responsibility of the SEC to set the standards.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars