6 Reasons Why Lawyers Must Conduct Counter-party Checks
6 Reasons Why The Best Lawyers Conduct Counterparty Checks Skipping counterparty checks isn’t just risky—it’s reckless. For law firms, thorough due diligence is non-negotiable. Here are 6 reasons why counter party checks are the best practice: 1. Protect Your Client from Hidden Risks Counterparty checks can reveal serious, hidden risks. Screening checks can reveal a […]
Best Risk Assessment Tools For Law Firms
Before we get started, check out our RegTech Directory! We are listing new tools everyday and we have SWOT analysis on all of them! You can search through various filters like features, functionality and target market! What is a Risk Assessment? Client Risk Assessment (CRA) is a process where lawyers have to evaluate the potential […]
The Biggest Problem In The Legal Market: Risk Assessments
The Problem Despite regulatory obligations, a significant number of firms do not conduct risk assessments at all. In 20th of June 2024, Solicitors Regulation Authority (SRA) reported that 51% of client and matter risk assessments were ineffective. Some firms conduct risk assessments but only at a very surface level. Others have no clue what it […]