July 09, 2014

In this article, Jenner & Block Partner Craig C. Martin and Associate Devlin Su analyze when and why corporate boards should turn to independent outside counsel in times of legal scrutiny.  The authors explain that the most common scenarios for retaining independent outside counsel are audit committee investigations, shareholder derivative lawsuits and risk committee investigations and analyses.  They observe that turning to outside counsel in those situations has many benefits, including helping to resolve serious internal investigations; offering the advantages of independence; and signaling to regulators and the public that the board investigation will be thorough, complete and objective.