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Part 2 of  a two-part special series on the rise of ESG within international law firms. Read Part 1.

General Counsel at companies did not take the same road to Damascus as their CEOs. Their conversion was not a blinding light which transmogrified the belief of businessmen, banks, investors and asset managers in short term profits into a devout faith in the need to protect the long-term value of the company. Rather, it was the necessity to survive a tsunami of ESG regulation and ESG litigation which threatens to drown them (see chart at foot of article). In May 2020, the Financial Times stated that: “Since 2018, there have…