Sunday 24 March 2013

Risk management, compliance and technology

Risk management, compliance and technology. Every law firm will profess to address risk management and compliance, but not every firm does it well.  I have yet to find a law firm that states it does not care about risk, and forgets about compliance.  Firms may not have in the past called it risk management and compliance – but they have had processes from the ad-hoc to the mature.  What makes a mature risk and compliance approach – either at the departmental or firm-wide level – different from an immature approach is how the firm utilizes process, technology, and information. Technology makes risk and compliance and its individual components more effective, efficient, and agile.

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