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Daily Compliance News

Daily Compliance News: August 6, 2024 – The Texans Don’t Want Corruption Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • Texans don’t want corruption in government.  (YahooNews)
  • Law firms should let associates unplug (good luck with that). (Reuters)
  • Banned AI chips coming into the US. (NYT)
  • Who makes the corporate rules? (FT)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Daily Compliance News

May 31, 2022 the Lions & Tigers & Bears Edition


In today’s edition of Daily Compliance News:

  • Law firms add behavioral scientists, data experts, journalists and cops. (WSJ)
  • Corruption Glencore execs walked away with billions. (Bloomberg)
  • SEC goes after greenwashing. (Reuters)
  • When do firms have to disclose SEC investigations?  (Reuters)
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Innovation in Compliance

Podcasting: Why It Works So Well For Lawyers with Robert Ingalls


 
Robert Ingalls is Tom Fox’s guest on this episode of the Innovation in Compliance Podcast. He is the Chief Product Strategist at Law Pods, a podcast for busy attorneys. In this episode, Robert and Tom talk about the power of podcasting as a medium for professionals in legal fields, why it works, and what’s in store for the future of podcasting in the legal industry.
 

 
What Makes Podcasting Work
Consumer behavior is shifting, and so are people’s learning styles. Nowadays people want to be entertained whilst receiving information; podcasts are a great medium for this, especially for legal professionals who wish to pass on legal expertise to a wider audience. “When you make a podcast you’re asking them to press play and keep living their life,” Robert tells Tom. Audio allows people to consume content in a way that is most convenient and accessible to them.
 
Making The Leap
Lawyers have had the ability to produce audio content for many years. Tom asks Robert why this was never utilized until recently. “Because they don’t need the new thing,” Robert replies, cheekily. A lot of law firms catch up with the trends slowly, and they also hope that the new trends will fizzle out or go away so they don’t have to implement them. However, the legal industry is shifting and lawyers and other legal professionals are making the leap into audio content, and picking up on social media a lot faster than they used to.  They are noticing that other law firms are doing so as well, and that their clients are reacting to it. Law firms are now understanding that consumer culture is shifting and taking necessary measures to stay relevant.
 
The Power of Storytelling
The easiest way to attract someone to your content is via interesting and authentic stories that are also a little informal. “Be a little more informal… relax yourself and tell [your listeners] what you would want to tell them in that kind of [cocktail party] environment and pepper in some stories,” Robert advises Tom and the listening audience. The podcast is a unique area to use your voice to make a connection with someone else. When storytelling attracts your audience, it encourages them to come back, which in turn motivates them to share your content. 
 
What’s Next
In the near future, there will be a period of concentrated growth. People will be able to ask legal questions via their digital assistants and get specific answers from lawyers, that are segmented audio clips from podcasts. Podcasting will no longer be considered something that is a fad to the legal industry but a useful tool.
 
Resources
Robert Ingalls | LinkedIn | Twitter
Law Pods