2012 Law Firm Risk Management Surveys Highlight Legal Industry Practices and Priorities in the United States, the United Kingdom, Canada and Australia

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Law firm risk management survey reports presenting results from United States, United Kingdom, Canada and Australia now available

IntApp, Inc., provider of the most-adopted information security and compliance management software for law firms, today announced the publication of law firm risk management survey reports presenting information gathered from over 150 legal professionals.

Four reports are now available, each presenting results from a specific geography (United States, United Kingdom, Canada and Australia). This initiative is one of several produced by the Law Firm Risk Roundtable program, which also produces networking events and webinars designed to foster cross-functional dialogue among risk management and IT professionals.

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 increasing internal concerns with regard to complying with regulatory rules and evolving professional standards.

“We sponsor these surveys, which have been embraced as a unique resource by the legal community, as part of our commitment to provide our customers and partners insight into the latest risk management trends,” said Pat Archbold, Head of IntApp’s Risk Practice Group. “This insight also enables us to continuously enhance the software products and consulting services we offer to the legal community.”

More information about the 2012 law firm risk management surveys is available at http://www.riskroundtable.com.

About IntApp
IntApp provides software products and services that enable law firms to achieve competitive advantage by exceeding client compliance requirements, increasing revenue, and reducing operational costs. IntApp's three practice groups (Risk, Revenue and Integration) focus on understanding existing pressures and emerging trends, and translate this knowledge into products and best practices. IntApp products are the most-adopted in their respective categories - Wall Builder for ethical screens, information barriers and client confidentiality management, Time Builder for time capture, and Integration Builder for application integration and master data management. IntApp serves over 230 customers, is endorsed by major software vendors across all categories, and has cultivated a vibrant partner community. For more information about IntApp, visit: http://www.intapp.com.

About The Risk Roundtable Program
The Risk Roundtable program provides a forum for law firm and law department leaders to develop and share best practices and industry standards for managing risks driven by legal, ethical, client and regulatory requirements. The program comprises multiple initiatives to provide risk professionals the choice of forum best suited to their specific needs: regular Roundtable events provide a seminar to discuss and explore a particular issue; webinars provide case-studies of approaches taken by individual firms; regular surveys provide quantitative and qualitative insight into industry trends; a Compliance Consortium working group assembles selected risk leadership to understand and develop risk response guidelines that meet evolving client and regulatory pressures; and the Law Firm Risk Management Blog provides daily coverage on articles and announcements of interest to the risk community. For further information or to join the community, visit http://www.riskroundtable.com.

"IntApp,” “Wall Builder,” “Time Builder” and “Integration Builder” are trademarks of IntApp, Inc. Other trademarks are the property of their respective owners.

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Lea Simon
IntApp
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