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SOXed in: When should legal departments cry uncle on compliance budgets?

When outside counsel are "charging like raging bulls. It was a fee fest," what's a law department to do?

That's the description by a senior executive at Adecco, which Rees Morrison found while reading the May 21 edition of The Economist. Morrison summarizes the article on Adecco's quagmire, in which the "$20 billion temp agency said they were not prepared to sign the company’s accounts for 2003 because there were material weaknesses, [and] they triggered a $120 million accounting and legal review."

Morrison muses what to do here.

Posted by Laurel Newby on May 31, 2005 at 02:26 PM | Permalink | TrackBack (0)

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