Ropes & Gray Launches Legal Industry’s First-Ever Analytics and Behavioral Science Consulting Practice
Ropes & Gray today is launching an innovative new consulting service unprecedented in scope: R&G Insights Lab, the legal industry’s first-ever offering to focus on analytics and behavioral science. R&G Insights Lab is a global, integrated and cross-industry advisory service that combines the dynamic legal team of Ropes & Gray with world-leading experts in analytics, behavioral science, and strategic consulting.
“The ingenuity of R&G Insights Lab is the sophisticated mixing of elements that together provide businesses a tailored solution to their most challenging, complex, and core issues,” said Amanda Raad, co-leader of R&G Insights Lab and Ropes & Gray’s global anti-corruption and international risk practice.
The areas of scope are far-reaching but all touch on hot-button corporate issues, including: corporate and investment strategy and decision-making; culture reviews and assessments; diversity and inclusion initiatives; internal, policies procedures and governance; organizational design; project management; and compliance, ethics, and risk management.
In launching R&G Insights Lab, Ropes & Gray is pleased to announce that Zach Coseglia former head of global compliance monitoring, analytics and digital at Pfizer, will join as the Lab’s managing principal and head of innovation. Zach will co-lead R&G Insights Lab alongside partner Amanda Raad. The Lab will also be supported by the following partners as Geographic Leads:
Ropes & Gray, known for its innovative, client-centric approach to solving legal issues, is ideally positioned to lead this effort. The Lab’s internal team will work closely with a premier collective of external contributors who will be engaged on a project basis, driven by client demand; and an external advisory council of thought leaders and industry experts spanning multiple disciplines, including data science, analytics, behavioral science, diversity and inclusion, and technology.
Meet our Network of Leaders
R&G Insights Lab is, in part, the result of feedback from global companies and investors who have expressed a strong interest in a unified offering. One head of department at a UK retail bank described R&G Insights Lab as “valuable” noting that “there is a lack of integration of legal, regulatory, behavioral and data science in the market.”
Said a senior compliance officer at a global life sciences company: “I want a turn-key solution to understand what happened, why it happened, and what we need to do … If you could
successfully combine data analytics with behavioral science theories and apply them across all of these functions, then you could actually solve our problems instead of us being in a reactive mode and putting on band aids.” She continued: “If anyone could pull this together in one place for us, it should be a law firm. There are some tasks that only lawyers can do, and as a result building a team run by lawyers seems to be the perfect fit.”
“R&G Insights Lab is a complementary offering that will position us to more holistically fulfill our advisory role to clients across industries and sectors,” Amanda said. “The focus on analytics and behavioral science, in particular, is intended to help our clients make more effective, efficient and data-driven decisions to fulfill the desired outcomes.”
“Ropes & Gray is an exciting firm built for the 21st Century where a creative endeavor like this will thrive. The firm already offers an analytical, data-driven approach to decision making, has teams that understand complexity and can work across industries, and is led by lawyers who handle the most challenging questions,” said Zach. “I’m proud to break new ground with this initiative.”
Valuable Risk Management during Challenging Times
In light of unprecedented challenges around the world, Ropes & Gray has been partnering with clients to reassess their advisory needs and risks—and help them take proactive steps to ensure the effectiveness of their business solutions in a changing environment.