Now that sustainability is an increasing priority on the social and corporate agenda, the ESG area (which addresses environmental, social and corporate governance factors) is emerging as an important and very specific demand in the legal sector, and is growing rapidly divorce lawyer huntersville.
ESG policy development is a key area in which firms can demonstrate their level of preparedness. Firms with ESG departments are better prepared to make their credentials and policies available to clients with the goal of promoting and encouraging diversity.
As this is a very changing market, customer demand is an important factor that companies must always take into account when evaluating their activities and their ability to keep up. Around half of lawyers (49%) say ESG demand has remained constant compared to the previous year , while it has increased to 43%. Curiously, this represents a slight decline compared to 2022, the year in which 50% spoke of an increase.
ESG and law: a look to the future
Over a three-year time horizon, ESG will continue to be an important strategic growth area. Half (50%) of lawyers surveyed expect demand to increase (despite a drop from 61% in 2022), while 45% say it will stay the same (compared to 36% in 2022) .
According to the survey, just over half (52%) of corporate legal departments request sustainability credentials from their law firms, although this figure has reduced considerably compared to 2022 (67%), while a minority do not do so. negligible (40%) plan to do so in the next three years.
Iris Wuisman, Professor of Business Law at Leiden University, says: “The growing importance of ESG not only influences the type of legal advice and support provided by the sector to its clients, but also requires that “The sector considers what type of clients it serves , how it takes care of its own staff and what impact it has on the environment.”