How Regulatory Power Is Moving To The States
A recent Q&A with Partner Ashley Taylor was republished on Law360 and was among the top 10 most-read expert analyses last week. The article, “How Regulatory Power is Moving to the States,” provides a view from the trenches of the regulatory landscape, explaining why the decentralization of oversight demands a more strategic, proactive approach to compliance. Taylor explains how the firm develops a comprehensive compliance program against decentralized agencies, writing, “We create a national ‘heat map’ for clients. It’s a color-coded map showing which states pose the greatest and least risk for a specific business. The information is predicated upon industry and state law, but most importantly it shows current enforcement activity by state. We tap into our database of cases, which is updated daily from the matters our attorneys are working on. That input is synthesized to generate a statistical formula of the client’s unique risk profile, state by state. The activity in any given state is always evolving, so we monitor and adjust the map to reflect current trends and enforcement policies. With that information we can provide risk rankings and probabilities to compliance officers and general counsel with a high degree of specificity.” For a client-friendly PDF of the Q&A, click here.