ALM Intelligence Pacesetter Research finds law firms developing upstream regulatory risk consulting and advisory services
New York, NY – December 9th, 2020 – New research from ALM Intelligence finds the market for regulatory risk services evolving from a subject-matter expertise problem to an opportunity to integrate regulatory risk into a growth strategy with a strategic advantage for long-term business resiliency.
In ALM Intelligence Pacesetter Research: Regulatory Risk 2020, the Pacesetter Advisory Council assesses the strategies and service offerings of 17 providers identified as Market Leaders by the ALM Pacesetter Advisory Council for their ability to deliver client impact in today’s challenging business environment. The research also provides insights into the competitive dynamics and service delivery trends, driving convergence across insurance, legal, management consulting, multiservice providers, and technology firms.
Per ALM Intelligence Pacesetter Research Analyst Lead Tomek Jankowski: “Political and economic volatility unprecedented for our times have transformed regulatory risk from a checklist item under financial risk to a front-and-center, board-level strategic concern. The impact of regulatory risk is suddenly making itself felt across client organizations, bringing urgency to client need for a fuller, longer-term, outcome-focused solution from providers that spans advisory, consulting, technology, risk management, and technical expertise.”
Why is this important in 2021? What changes can we expect to see in 2021 and beyond?
ALM Intelligence evaluates providers’ abilities to bring the full advantage of their extended organization, innovation capability, service delivery model, and brand eminence to create impact and value for clients. ALM Intelligence evaluated the regulatory risk management capabilities of 17 services providers for this research, including Accenture, Allen & Overy, Allianz, Alvarez & Marsal, Buckley, Crowe, Deloitte, EY, FM Global, Grant Thornton, KPMG, Marsh, Minter Ellison, Promontory (an IBM company), Protiviti, PwC, West Monroe Partners. Within this cohort, Pacesetter Research identified three ALM Pacesetters in Regulatory Risk: Allen & Overy, Deloitte, and Promontory (an IBM company).
ALM Intelligence Pacesetter Research provides independent, objective research to providers and buyers of professional services, coupled with practical insights that inform the decision-making process for strategic planning and procurement professionals. For more information or to obtain the full versions of the ALM Intelligence Pacesetter Research series, visit: https://www.alm.com/intelligence/pacesetter-research/.
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About ALM Media, LLC
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