Legal loopholes have the potency of bringing businesses to a halt. We are experienced in discovering these loopholes

Legal Audit

Legal Audit

Although a number of organizations have law firms on their retainer, the practice of  preventive legal auditing is not yet commonplace, nor the competence widespread. Meanwhile, for many entrepreneurial companies, a lawsuit or other legal problem can have catastrophic effects on the continuing viability of the company, not to talk of potentially irreparable brand damage. Forward-thinking organizations therefore conduct legal audits to minimize the possibility of legal issues disrupting their companies’ progress.

A legal audit lays the groundwork for the establishment of an ongoing legal compliance and prevention program in order to ensure that your company’s strategic intents, relational structure and ongoing operations are consistent with the latest developments in business and corporate law. In fact, well-run, successful companies use audits to improve performance and assure compliance with the many local, state, federal and international laws and regulations.

By uncovering problems early, your company can save legal and other expenses – and you, your board, and your shareholders will rest easier. The aim of an audit is to prevent huge legal exposure by proactively identifying and eliminating the hidden gaps; we believe you need it, and we will carry it out professionally in the most cost-efficient, thorough, and solutions-focused manner.

THE PROCESS

We begin by properly defining the problem and creating an audit plan in collaboration with you, your management, in-house counsel and other relevant advisers. We proceed to conduct our investigation in a method best suited for your company. This can include questionnaires, document review, and interviews. Our analysis will review your practices and compliance from top to bottom. We will then uncover the problems and report them to you in an actionable way. A successful audit will generate solutions that will help position your business for low/no-risk growth and unthreatened sustainability, in addition to searching for non-compliance. The audit will generate best recommendations which will allow you to optimize opportunity and prevent liability.

THE BENEFITS

We will help your company focus on its bottom line and important goals. Not only can future legal problems and costs be eliminated, but audits can also reveal unknown business opportunities such as capital allocation, areas for expansion, and even tax-friendly business structures. The goal of an audit is to help your company remain compliant with existing laws and we can help you achieve that.

At Tope Adebayo &LLP, we assist companies in laying the groundwork for the establishment of an ongoing legal compliance and prevention program in order to ensure that the company’s strategic intents, relational structure and ongoing operations are consistent with the latest developments in business and corporate law.

The aim of an audit is to prevent huge legal exposure by proactively identifying and eliminating the hidden gaps.

 

Practice Key Contacts

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Tope is an alumnus of the Prestigious Harvard Kennedy School Executive Education (Leaders in Development: Managing Change in a Dynamic World). He is ...

Tope Adebayo

Senior Partner

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Mr. Harrison Ogalagu is an Attorney with extensive experience in corporate and commercial practice. His portfolio consists of a diverse range of trans...

Harrison Ogalagu

Associate Partner

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Abisola is a vibrant, hardworking and dynamic Attorney. She is an asset to the firm’s Corporate /Commercial and Secretarial department as she has be...

Abisola Akinrin

Senior Associate

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Ifeoma is an assiduous lawyer who has spearheaded a wide range of intricate commercial matters that have earned her plaudits from clients and peers. A...

Ifeoma Ezeribe

Senior Associate

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Anthonia Udeh is an astute legal practitioner with remarkable analytical mind whose practice areas focus on Tax Advisory, Employment and Labour Law an...

Anthonia U. Udeh

Associate

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Mobolaji is an associate functioning primarily in the firm’s Energy and Natural Resources practice group. A detail-oriented commercial lawyer whobri...

Mobolaji G. Olotu

Associate

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Peter’s best quality is his ability to adapt and thrive in any area of law should the need arise. His natural interests include Tech Financing, Inno...

Peter Okoyomoh

Associate

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Oluwaseun is a legal practitioner who has a deep understanding of the law and is reputed for deploying innovative methods into solving complex commerc...

Oluwaseun Ojo

Associate

Insight Post

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Apr14

Posted In: Legal Audit

LEGAL AUDIT AS A CRUCIAL RESPONSE TO THE LEGAL AND FINANCIAL UNCERTAINTIES FACED BY ORGANISATIONS IN THE 21st CENTURY

If we are left intact, we would try to fix the depart