Stakeholders in the Regulatory System - What Do They Want?

The regulatory environment is characterized by multiple stakeholders with specialized needs and expectations.

With hundreds of hours of direct analytical experience within this framework, we understand the environment and the unique challenges faced by those navigating regulatory and policy change.

Proactive Management-based Regulation (PMBR)

Proactive Management Based Regulation (PMBR) aims to improve the “ethical infrastructure” of law firms by implementing policies and procedures that proactively address underlying issues and lawyer behaviors that can lead to client complaints.

PMBR has been an active topic among legal regulators for the last 5 years. Much work and discussion has been undertaken to understand what it can mean, and what the potential upsides are to regulators adopting PMBR principles.

Standpoint’s approach has been to find ways to compliment these discussions and efforts by building tools and frameworks to assist in implementing PMBR related initiatives.

Our approach focuses on:

  • outcomes based objectives,
  • a structured means to perform lightweight self-assessments, and,
  • an evidence-based analytics and reporting system to identify emerging challenges and strategically allocate organizational resources to address them.

Empowered Decision-making for Executive Teams and Boards

Standpoint understands the unique needs of regulatory executives and the boards that support them. Balancing the needs of stakeholders in the context of limited resources and public scrutiny is not easy.

Our approach…

  1. Sorts and organizes data and other information relevant to the challenge faced by the team or task force
  2. Facilitates the process of polling and documenting expertise and opinions of the team
  3. Builds a conceptual, yet fully quantitative model that becomes the compass for discussion and debate regarding various courses of action, and ultimately guides a consensus on the optimal solution set.

Standpoint helps with:

– Resourcing decisions related to optimizing internal and external expertise
– Understanding drivers of public complaints and identifying correlation/causation through relational data analysis
– Establishing performance metrics and monitoring systems via KPIs, decision-making protocols, and adaptive management

Professionalism - Let's Get Beyond Just Talking About It

There is no shortage of guides, rules and best practices for professionals in the legal sector.

Why is professionalism such a hot issue?

We believe there is a chasm between making information available to lawyers and putting it into practice. We found a way to cross that chasm and designed a method to implement and manage a system of professionalism.