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Legal Audits
Failure to comply with national and European laws, regulations and codes of practice that impose obligations on business can
lead to a variety of sanctions. Failure to meet contractual obligations might result in even greater cost in indemnities or
damages. Insurers are taking an increasing interest in their customers' approach to legal risk, and the developments in corporate
governance encourage risk reduction. As a result, businesses increasingly turn to their lawyers for assistance in identifying
risk and compliance failure by a review or 'audit' of their processes and contracts.
At Osborne Clarke we deploy lawyers who are experienced in this forensic process (often gained as a result of the due diligence exercises we undertake as part of the high number of complex corporate transactions we handle). Our legal audit service can be tailored to the needs of individual departments within the business, to the needs of the business as a whole, or to those of a group of companies.
Examples of our recent experience include:- running a pan-European Data Protection Compliance Audit for a major international bank including the preparation of a Data Retention Policy
- reviewing for a utility their procurement processes, contract forms and methods of contracting
- providing support to a multi-national electronics manufacturer in the outsourcing of a customer critical process, reviewing all customer agreements
James Mullock
t +44 (0)117 917 3322
james.mullock@osborneclarke.com
