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.
Sunday 24 March 2013
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