The Role of Ethics Audits in Improving Management Systems and Practices: An Empirical Examination of Management-Based Regulation of Law Firms
St. Mary's Journal on Legal Malpractice and Ethics, Vol. 4, p. 112 (2014)
38 Pages Posted: 15 Sep 2015
Date Written: 2014
For decades, legal malpractice experts have urged lawyers to implement risk management measures. To assist law firms in doing so, legal malpractice insurers have provided audit services and self-audit materials. Under the Australian regulatory regime, incorporated legal practices are required to complete a self-assessment process and to report on the firm's compliance with ten objectives of sound law practice. Using management-based principles, this Article discusses steps to take to encourage ethics audits "to merge good ethics and good business" in the U.S.
Keywords: legal ethics, professional responsibility, law firms, law practice
JEL Classification: K19, K39
Suggested Citation: Suggested Citation