ILTA WHITE PAPER: APRIL 2015 WWW.ILTANET.ORG
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Law firms earn their revenue by helping clients
with important legal matters. Complying with client
guidelines and regulatory standards diverts time
and resources away from that pursuit. While the
law firms can't eliminate these requirements, they
can greatly reduce the time and effort it takes to
fulfill them using a GRC approach. Typically, the
presence of a GRC system leads to:
• Greater overall awareness of network and data
security issues
• Decreased number of regulatory controls
required to be compliant
• Reduced audit preparation time
• Fewer remediation requests
SIMPLIFY CLIENT AUDITS WITH PROACTIVE COMPLIANCE
SERENITY NOW
Like most industries, client-driven requests and
mandates lead to changes that often improve an
organization's operations. This recent shift in policy
and audit management is no different. Use this
as an opportunity to strengthen your information
governance, which can ultimately lead to greater
client retention and a competitive advantage in the
recruitment of corporate clients.
demands on the firm's resources. To streamline
audit preparation, centralize procedures and provide
compliance, the firm implemented an information
security management system using a GRC platform.
Tackling the audit process with a GRC approach
results in:
• A centralized repository for client audit
questionnaires to reduce response time
• Better continuity even in an environment with
significant turnover
• The automatic creation of workflows to speed the
remediation process
• Better responsiveness to client inquiries
• User-driven reports to prove compliance
Firms need a way to perform internal audits and
document compliance efforts so they are prepared
for client audits.
