Impact of Corporate Social Responsibility on Business Law Firms

Abstract

This article presents the issue of corporate social responsibility (CSR – Corporate Social Responsibility) on the basis of select of law firms. Corporate social responsibility of such companies are founded on the principle that during the process of developing a business strategy they voluntarily take into account the interests of society and the environment, but also complex relationships with various stakeholders. The article is underpinned by the idea that being responsible means not only conforming to all the formal and legal obligations on the part of law firms but also sustaining increased investment in human resources, in environmental protection, and in relationships with stakeholders, all of which can have a palpable impact on the efficiency of economic ventures and businesses as well as on their inventiveness. The paper also emphasises the need to consider the concept of corporate social responsibility at the very initial stage of shaping any law firm’s strategy and its ensuing impact on future undertakings.