MILWAUKEE--(BUSINESS WIRE)--Foley & Lardner LLP announced today the launch of Foley Global Risk SolutionsSM -- a new cost-effective service offering designed to help companies operating overseas comply with the Foreign Corrupt Practices Act (FCPA). Foley GRS is an innovative, web-based program that will provide businesses with integrated legal services that include the key components of an effective anti-corruption compliance program. The product, which relies on cutting-edge technology, will be offered for a fixed annual subscription fee.
“There is a significant need, especially for middle-market companies with international operations or sales, for a practical, actionable FCPA compliance program that addresses all of the hallmarks for effective anti-corruption compliance as identified by the U.S. Department of Justice and U.S. Securities and Exchange Commission,” said David Simon, a Foley partner and FCPA specialist who led the team that created Foley GRS. “Until now, there has not been an affordable resource that promotes real risk reduction and proactive implementation of compliance practices.”
FCPA enforcement is a serious risk for many middle-market companies. The DOJ and the SEC have repeatedly emphasized that enforcement is not reserved for the biggest-of-the-big companies.
Foley GRS is the first-of-its-kind integrated legal services solution using a technology-based platform that delivers a comprehensive, closed-loop program that includes risk assessments, current and periodically updated policies and procedures, training for employees, regular communications, and most importantly, access to legal advice and counseling on FCPA issues that arise during the course of business operations.
“Foley has invested heavily in the development of the Foley GRS platform and service. We are delighted to be able to offer a real solution to a significant business problem facing many of our clients,” said Foley Chairman and CEO Jay Rothman.
Foley partnered with Neota Logic, a leader in developing logic-based applications, to provide more efficient and consistent legal services to leverage the best technology in creating the Foley GRS platform.
About Foley & Lardner LLP
Foley & Lardner LLP is a corporate law firm that provides legal and related services for complex issues facing companies today. With approximately 900 attorneys in 20 offices, Foley combines international reach with a local focus across a full range of legal services in various industries, including technology, health care, sports and manufacturing. Foley has been recognized by clients and the legal industry for its strong commitment to client service excellence and innovation. Learn more at Foley.com.