Careers in Compliance: JDs Wanted

Careers in Compliance: JDs Wanted

by Richard L. Hermann

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Overview

Build a legal career in one of the hottest 21st century employment fields!

In his 21st Century Legal Career Series, Richard L. Hermann researches, evaluates, and predicts where the employment opportunities are and will be for law graduates.

Volume 2, Careers in Compliance: JDs Wanted, focuses on what the U.S. Bureau of Labor Statistics (BLS) calls one of the fastest growing occupations. The number of compliance officers nationwide has more than doubled in the last six years to around 300,000. A barrage of new laws, such as the Affordable Care Act and the Dodd-Frank Act, and their implementing regulations (Dodd-Frank alone has spawned almost 400), heightened government enforcement, large fines, and other penalties have acted as a compliance wake-up call to affected companies and industries.

New laws and more vigorous government enforcement have also upgraded the nature of the job. As part of compliance, companies now emphasize risk assessments, ethics, employee training, and developing paths for employees to report possible misconduct. A growing number of compliance officers come to the job armed with a law degree. This booklet shows you where these jobs are and how to take advantage of this exciting career opportunity.

Highlights include:
• What is Compliance ?
• The Work
• Organizing the Compliance Function
• Who Hires?
• JD-Advantage Compliance Jobs and Careers
• What Does It Pay?
• Breaking into Compliance
• Follow Up

While ever-present, compliance has become considerably more important and central to the activities of most organizations in the 21st century. America's 6,000 publicly-traded companies find that, since the enactment of the Sarbanes-Oxley Act in 2002, it has become impossible to function without a compliance staff. There has even been a "trickle-over" effect to closely-held corporations and nonprofits including hospitals, academic institutions, museums, and foundations.

Prior compliance experience is not always necessary, due to intense demand. The new compliance reality forces organizations to expand their searches beyond candidates with just compliance backgrounds to other disciplines, law being prominent among them.

Hermann focuses on what law students and lawyers need to know to break into this hot field.

Product Details

ISBN-13: 9781946228031
Publisher: H Watson LLC
Publication date: 02/15/2017
Series: 21st Century Legal Career Series , #2
Pages: 72
Product dimensions: 6.00(w) x 9.00(h) x 0.15(d)

About the Author

Richard L. Hermann graduated from Yale, the New School University, and Cornell Law School (following a stint in the U.S. Army, where he handled nuclear weapons and jumped out of airplanes). His first job out of law school was as an attorney at the Pentagon. He went on to work for the Government Accountability Office and Department of Energy. During his brief government career, he counseled friends and acquaintances on finding government law jobs, which evolved into launching Federal Reports Inc. The company became the leading provider of legal career information in the U.S. Among its many products were AttorneyJobs.com, LawStudentJobsOnline.com, and many other legal career publications and web products (all now the property of Thomson Reuters).He also founded and led Nationwide Career Counseling for Attorneys and Sutherland Hermann Associates, an attorney outplacement and disability insurance consulting firm. Later he developed and taught the first law school course in Legal Career Management for online Concord Law School. He is also a regular columnist for National Jurist. Hermann is the author of many books on legal careers including for the American Bar Association (ABA). LegalCareerView.com and the 21st Century Legal Careers Series are Hermann's latest additions to his body of work on legal careers (both traditional and non-mainstream [a.k.a. "JD-Advantage]. Both resources help connect the dots between today's news and tomorrow's jobs and provide strategies for securing a rewarding career in--and around--the law.

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