This title discusses how the development of robust, long-term ESG initiatives can provide law firms with manifold benefits, including the opportunity to gain competitive advantage; attract, engage and retain clients and employeees; increase value and service offerings to clients; and enter new markets.
This title discusses how the development of robust, long-term ESG initiatives can provide law firms with manifold benefits, including the opportunity to gain competitive advantage; attract, engage and retain clients and employeees; increase value and service offerings to clients; and enter new markets.
Introduction 7 Part I: Sustainability and law – setting the scene 9 1. Definitions: ‘corporate social responsibility', ‘sustainable development' or ‘ESG'? 10 2. Sustainability: from slow raising of awareness to exponential growth of regulations 12 3. Law firms: towards proactive engagement in the sustainability journey 16 4. The Sustainable Development Goals: a universal compass for businesses and law firms 23 Part II: The business case for sustainability in law firms 35 1. Introduction: sustainability as a competitive edge 35 2. The underestimated power of culture and purpose 36 Case Study 1 41 Living up to our statutory purpose Laëtitia Cano, Centaure Avocats 3. The pivotal responsibility of law firms as advisers to their clients 43 Case Study 2 45 The client perspective: the ESG transformation and its impact on law firms Martin Fischer, Fellowships at Auschwitz for the Study of Professional Ethics Case Study 3 50 Developing a multi-disciplinary ESG practice Didier G Martin and Eleanor Forshaw, Gide Loyrette Nouel 4. The law firm as a sustainable employer 57 Case Study 4 57 Why we should expect more responsibility from law firms Franziska Adelmann, law student, Bucerius Law School Case Study 5 72 Embracing diversity and inclusiveness Maria-Pia Hope, Vinge 5. Law firms expected to have their governance in place 75 6. A law firm's organisational and operational responsibilities 84 7. Strategy, positioning, differentiation – and their alignment 96 Case Study 6 100 Setting the standards for sustainable success Paula Gomes Freire, Vieira de Almeida Part III: How to engage in transformation – our approach to sustainability in law firms 103 1. Understand the SDGs and develop a sustainability mindset 105 2. Agree ambitions and purpose 105 3. Assess where you are, internally and externally 106 4. Define priorities and set goals 111 5. Align sustainability and strategy 114 6. Report, communicate, review, improve 119 Case Study 7 120 The case for sustainability reporting Stina Warnstam Drolet and Isabella Bunn, Oxford Analytica Conclusion 123 Appendix 1: Examples of indicators 127 Appendix 2: Examples of important initiatives 131 Notes 135 About the authors 141 About Globe Law and Business 143
Introduction 7 Part I: Sustainability and law – setting the scene 9 1. Definitions: ‘corporate social responsibility', ‘sustainable development' or ‘ESG'? 10 2. Sustainability: from slow raising of awareness to exponential growth of regulations 12 3. Law firms: towards proactive engagement in the sustainability journey 16 4. The Sustainable Development Goals: a universal compass for businesses and law firms 23 Part II: The business case for sustainability in law firms 35 1. Introduction: sustainability as a competitive edge 35 2. The underestimated power of culture and purpose 36 Case Study 1 41 Living up to our statutory purpose Laëtitia Cano, Centaure Avocats 3. The pivotal responsibility of law firms as advisers to their clients 43 Case Study 2 45 The client perspective: the ESG transformation and its impact on law firms Martin Fischer, Fellowships at Auschwitz for the Study of Professional Ethics Case Study 3 50 Developing a multi-disciplinary ESG practice Didier G Martin and Eleanor Forshaw, Gide Loyrette Nouel 4. The law firm as a sustainable employer 57 Case Study 4 57 Why we should expect more responsibility from law firms Franziska Adelmann, law student, Bucerius Law School Case Study 5 72 Embracing diversity and inclusiveness Maria-Pia Hope, Vinge 5. Law firms expected to have their governance in place 75 6. A law firm's organisational and operational responsibilities 84 7. Strategy, positioning, differentiation – and their alignment 96 Case Study 6 100 Setting the standards for sustainable success Paula Gomes Freire, Vieira de Almeida Part III: How to engage in transformation – our approach to sustainability in law firms 103 1. Understand the SDGs and develop a sustainability mindset 105 2. Agree ambitions and purpose 105 3. Assess where you are, internally and externally 106 4. Define priorities and set goals 111 5. Align sustainability and strategy 114 6. Report, communicate, review, improve 119 Case Study 7 120 The case for sustainability reporting Stina Warnstam Drolet and Isabella Bunn, Oxford Analytica Conclusion 123 Appendix 1: Examples of indicators 127 Appendix 2: Examples of important initiatives 131 Notes 135 About the authors 141 About Globe Law and Business 143
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