Rethinking Conflicts — Leveraging Risk Management Insights Within the Firm
Even as firms embrace advanced conflicts software, they have been much slower to adapt their staffing approach and processes to a more centralized conflicts clearance model, exposing them to unnecessary risks and inefficiencies. There are many reasons for this organizational stasis, including challenges in making the business case to lawyers who may be reluctant to change the way the firm clears conflicts.
Don’t Overlook Training For Conflicts Of Interest
How does a commitment to internal education help protect a law firm from risk? Read Eric Mosca’s recent article “Don’t Overlook Training for Conflicts of Interest” in Law Practice Today to find out.
Teaching an Old Dog New Tricks: Business Process Management and Law Firms
by Zachary Beauchemin and Alisha DiGiandomenico Though traditionally considered laggards when adopting new technology, law firms have recently started to explore new tricks to fortify performance across their organizations. While this evolution is critical to a firm’s survival, it’s important that firm administrators understand that substantive improvements are only possible through multi-directional change. Some firms […]
Lawyers Should Negotiate Outside Counsel Guidelines
Originally published in ABA Law Practice Today, this article looks at three of the most problematic types of provisions found in OCGs, and ways to negotiate amendments to satisfy a firm’s business needs and risk management concerns. Enter Your Email to Download:
The Business of Avoiding Business Conflicts
Law firms have always been cognizant of the business conflicts that can arise when taking on new work. Business conflicts can be described as relationships or knowledge which, while not violating professional responsibility rules, can affect a lawyer’s or law firm’s ability to be a zealous advocate for a client Business conflicts can present as […]
How a Lack of Data Integrity Can Undermine New Business Intake- And How to Combat It
Originally published in Law Practice Today, this article explores the how law firm data integrity and integration issues impact new business intake and conflicts management — and the steps firms can take to improve the their data landscape, including data quality, comprehensiveness and integration. Enter Your Email to Download:
Leveraging Technical and Process Solutions to Bring Order to Lateral Attorney Vetting
While law firms often welcome lateral moves due to the influx of experienced talent and new clients, these moves create challenges and considerations for law firm administrators. Any serious dialogue between a potential lateral attorney candidate and firm involves the candidate sharing sensitive, detailed information regarding their salary, client list, work history and professional relationships. […]
Centralize Your Conflicts of Interest
Your firm’s attorneys are often kept from starting work with a new client because of dozens of pages of potential conflicts. Many law firms send that huge report to the requesting attorney and hope for the best, but there is a better way. Originally published by ILTA, the article explores the benefits of centralizing conflicts […]
Putting The Horse Before The Cart: How To Successfully Update New Business Intake
New Business Intake is critical to firm business performance because it directly impacts profitability. It’s the moment when firms identify and resolve possible conflicts of interest, decide which clients best match business objectives, and initiate other risk-related processes. A unique nexus, the process engages almost all departments across the firm: lawyers and their assistants input […]
Ethical Walls and Confidentiality Screens: Not Just for Conflicts
Historically, law firms implemented most ethical walls and confidentiality screens in response to an identified potential conflict between existing and former clients in new representations.