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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