Avoiding the Headlines: Why Law Firms Should Tackle Vendor Governance in 2016

Fox looks at why governance is important, along with a few tips for law firms looking to implement a formal vendor governance strategy

, Legaltech News


Fox looks at why governance is important, along with a few tips for law firms looking to implement a formal vendor governance strategy.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

What's being said

  • Pundit

    Firms need strong information governance strategies - no argument there; however, vendors are hardly the place to start. Relatively speaking, poor internal controls and processes are the far greater risk for almost every firm. Rather than tackle the low hanging fruit that does little to mitigate risk, firms need to pay better attention to what they themselves are doing.

  • David Armstrong / Navigant

    This is a good topic. This article does an okay job of covering the subject at a high level, but it is lacking in details about how to assess a vendor‘s operational procedures and information security posture. I am an IT professional working for an organization that provides legal technology solutions to highly regulated entities in the financial services sector. My organization has been subjected to yearly audits by those entities. It is encouraging to see law firms being given the advice to conduct similar due diligence exercises.Evaluating a vendor involves more than looking closely at the SLA and whether or not they have had a recent security audit. Information security is a complex discipline that includes technology, people and processes. Therefore the auditors need to be well versed in the subject. Most law firms do not have the technological sophistication to evaluate this risk and should consider having the audit performed by a trusted third party.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202754659783

Thank you!

This article's comments will be reviewed.