TPRM For The Legal Services Industry Is About Building Trust
Business law firms handle very sensitive client data that needs to be protected against third party risks. This quick guide for Legal Services organizations can help you build a framework for vendor risk assessment and TPRM.
If you manage Security for a business law firm, you need to show your corporate clients that you’ll take care of their data, including trade secrets, mergers and acquisitions deals, non-public stock information, and patent trademark applications, among others.
But you might need to engage with third party vendors for key activities such as accounting, cloud storage, or e-discovery, which might increase the risk of client data exposure.
This quick guide offers tips and guidance on:
- Building the third party risk management (TPRM) business case
- Implementing a custom TPRM framework for law firms
- The benefits of TPRM for the Legal Services industry