Law Firms/Legal

How Technology Enables Better Legal Risk Management

Technology has been revolutionizing the legal industry, from streamlining administrative tasks to improving communication with clients. One area where technology is making a significant impact is in legal risk management. With the increasing complexity of regulations and the rise of cyber threats, effective risk management is crucial for businesses to avoid costly legal consequences. Understanding…

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Your Ultimate Guide To Effective Law Firm Client Communication

Law firm client communication is an integral factor for success. From initial calls to a final deliverable, all interactions with clients are opportunities to create better client journeys and overall client experience as you move things forward. Understanding the importance of client communication, managing relations, and utilizing tech tools can lead your firm to gain…

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Growing Law Firm Operations With eDiscovery Law

You might know it as eDiscovery law – electronic information exchange between parties in investigations and lawsuits. Today, almost all discovery is eDiscovery. And attorneys and law firms who haven’t handled a massive amount of information in their past increasingly need digital shreds of evidence at hand. The right tech and discovery process can make…

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How Regulatory Compliance Technology (RegTech) Is Impacting The Legal Industry

Compliance is becoming more and more complex, leading several industries to utilize regulatory compliance technology or RegTech solutions, as they’re also called. It helps financial firms, for example, become more effective and efficient and minimize regulatory risk and overall complaint costs. But how RegTech impacts the legal industry, and why should financial service law firms…

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How Information Technologies Have Influenced IT Risk Management

IT risk management is a way of assessing, controlling, and identifying threats to a company’s earnings and capital. Such risks stem from various sources such as legal liabilities, financial uncertainties, natural disasters, strategic management errors, technological issues, and accidents. Moreover, effective risk management enables legal firms to look into potential threats. It also analyzes the…

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Why Legal Firms Need Third-Party Risk Management Technologies: The Benefits

Legal firms face a unique set of challenges when it comes to risk management. Not only must they navigate the complexities of legal regulations and compliance, but they must also protect sensitive client information from potential breaches. As such, third-party risk management technologies have become increasingly popular among legal firms seeking to mitigate risks and…

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The Importance of Business Continuity Planning In Today’s Modern Landscape

When it comes to business continuity planning, studies have shown that 75% of small and medium-sized enterprises have no ready-to-go “disaster recovery” plan objective. Disruptive events are rarely forecasted and can adversely affect revenue inflows. Legal firms are particularly vulnerable to these events given the volume of sensitive information they typically store. Legal entities can…

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What Is Legal E-Discovery?

Legal electronic discovery (legal eDiscovery for short) is when electronically stored information (ESI) is collected, reviewed, and tagged systematically to be used in court cases. This process is vital because legal firms go through a lot of documents daily. Managing documents is a time-consuming task as they need to be scanned and tagged, data has…

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Everything You Need to Know About Law Firm Data Security

For any law firm, data security should be of the utmost importance. According to a 2019 survey, 26 percent of law firms stated that they experienced data breaches of some form or another. This is why lawyers, who often have access to sensitive client information, must use the latest cybersecurity technologies to prevent data breaches…

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Can Private Cloud Storage Help Boost A Law Firm’s Performance?

Private cloud storage is a tool that many law firms often consider due to the massive amounts of data legal professionals require when working on cases. Moving to the cloud can ensure more dependable, efficient, and collaborative workflows for lawyers who need quick and reliable access to their data, often from different locations. That’s why…

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