10/20/2026
In 2015, we asked whether lawyers and companies can do good while doing well. Here are a few recommendations we document in The Practice:
→ Counsel on what the law should be, not only on what is currently legal, and weigh prudential and moral factors alongside the technical answer.
→ Listen systematically to critics and stakeholders, and treat spending on ethics as a long-term investment.
→ Build a culture of integrity through compliance programs, evaluations that reward good citizenship, and leaders who model the values they expect.
Ben W. Heineman Jr.’s point remains salient: “the foundation of capitalism has to be high integrity.”
Read more in our issue on professionalism in the 21st century and check out more stories from The Practice archive:
It’s well known that in September 2008, AIG—the world’s biggest insurer—declared bankruptcy. Less remarked is that lawyers played a role in its downfall. The lumbering giant’s fall came as a result of selling investments, known as collateral debt obligations, or CDOs, that contained subpri...