Thursday, October 25, 2012

Law Firm Risk Management Survey Reports Now Available


I'm delighted to announce the availability of our 2012 Law Firm Risk Management Survey reports. Many thanks to the over 150 firms who participated in four separate surveys for the US, UK, Canada and Australia.

The survey reports provide statistical information and commentary about current industry trends designed to provide law firm risk and IT stakeholders with insight into the priorities and practices of their peers so that firms can plan and respond effectively. They examine specific issues including new business intake, lawyer lateral hiring and departures, ethical walls and information barrier management, confidentiality enforcement, internal education, and compliance tracking and verification.

While each report presents unique data and detail, several risk management trends and priorities manifest across all geographies:
  • Firms cite information risk (data security and confidentiality) as a top risk management concern.
  • Respondents overwhelmingly highlight rising client concerns about information risk management, as evidenced by the increasing quantity of security-related questions in Requests for Proposal (RFPs) and mandates in Outside Counsel Guidelines (OCGs).
  • Participants also noted increasingly internal concerns with regard to complying with regulatory rules and evolving professional standards.
Reports will be going out in the mail shortly to those who took part. (Additionally, firms that are clients of IntApp will be recieving reports as a customer benefit.) Other parties interested in obtaining copies of one or more reports can email info@riskroundtable.com for more information.

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