LOD unveils governance and risk arm

LOD unveils governance and risk arm

15 June 2021 By Jerome Doraisamy
LOD unveils governance and risk arm

Global alternative legal services provider LOD has continued to bolster its offerings by launching Comply, which will provide governance, risk and compliance experts and advisory solutions.

Just over one year ago, LOD Australian managing director Paul Cowling said that the age of coronavirus had taught us that we can never be complacent and must always be adaptable. LOD, he proclaimed, was ready to thrive in the new normal – particularly following the launch, in February 2020, of its in-house arm.

“As businesses continue to be faced with the pressures of a turbulent and fast-moving regulatory environment, there is a growing need to have effective risk and compliance management in place,” the provider said in a statement. 

Such an environment has given rise to Comply, which LOD says will build on what it offers via its legal secondment and consulting services by way of provision of governance, risk and compliance experts and advisory solutions.

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Mr Cowling said that the launch of Comply is a “natural evolution” for LOD.

“Comply is a combination of skilled professionals with a flexible approach to providing the right compliance expertise and advice at the right time,” he explained.

“Developing and maintaining strong risk and compliance systems and frameworks is a key challenge for many organisations and financial institutions. Increasingly, we are being asked by clients for experienced compliance professionals to implement and deliver various projects as well as providing more comprehensive ongoing compliance support,” Mr Cowling said.

Comply will be led by Jane Sheeran, who will serve as its head of client solutions in Australia. Having worked with LOD clients providing legal support, she mused that such services “naturally extend” to compliance needs in the wake of demand.

“Talking with our clients we realised there was a growing need for them to obtain on demand compliance support.  We have therefore proactively hired experienced risk and compliance professionals to help bring our clients commercially focused solutions,” she posited.

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“We are really excited to now provide this offering in a more formal way. Comply allows us to have a dedicated team guiding and supporting our clients through the risk and compliance labyrinth.”

In April of this year, Mr Cowling and LOD head of marketing and communications Anita Thompson appeared on The Lawyers Weekly Show to discuss the state of affairs with burnout in the profession and how the past year has blurred lines between home and work.

LOD unveils governance and risk arm
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