Sponsored by IntApp and conducted through the Risk Roundtable Initiative, the survey report presents findings collected from over 100 law firms
PALO ALTO, Calif.--April 14, 2009--IntApp, Inc., the leading provider of risk management, time capture and integration software for the legal industry, today announced the publication of the 2009 Law Firm Risk Survey Report, an industry study presenting findings collected from over 100 participating law firms.
Sponsored by IntApp, the survey was produced by the Risk Roundtable Initiative, an industry association that organizes events and programs for law firm risk stakeholders designed to foster dialogue, education and the advancement of industry best practices. Over 600 risk professionals from the 250 largest US-based and the 30 largest Canadian-based law firms were invited to participate.
The Law Firm Risk Survey focuses on firm risk management policies, practices and priorities. It examines specific issues including new business intake, attorney lateral hiring and departures, confidentiality enforcement, internal education, and compliance tracking and verification. The published survey report provides quantitative summaries of overall group response data, as well as samplings of individual responses to questions seeking freeform comments.
"One thing the survey highlights is that policy management, confidentiality enforcement and compliance reporting remain important risk management priorities for the vast majority of law firms," said Pat Archbold, head of IntApp's Risk Practice Group. "It's data from surveys such as these, and the continued interest we see in the legal community, that motivate efforts here at IntApp to provide law firms with technology that enables them to manage and control risks tied to these issues."
"The survey report provides valuable insight into current law firm risk management priorities and trends and corroborates much of what we're hearing from our clients directly," said David Cunningham, Managing Director, Baker Robbins & Company. "This helps to illustrate that U.S. firms are increasingly taking legal risk management seriously, following in the footsteps of large U.K.-based firms and other professional service organizations. We appreciate when firms see effective risk management as a competitive advantage to their business."
More information about the 2009 Law Firm Risk Management Survey is available at www.riskroundtable.com.
IntApp provides software that enables law firms to increase revenue, ensure client confidentiality and maximize attorney productivity. With over 150 customers, including 40% of the 200 largest US firms as ranked by The American Lawyer, and a vibrant partner community, IntApp has been embraced and endorsed as an industry standard. For more information, visit www.intapp.com.
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 law firm Roundtable track brings together a mix of firm risk management and related professionals including loss prevention partners, general counsel, risk management partners, conflicts managers and IT leadership. The law department track fosters dialogue among corporate legal management and general counsel audiences. At regular regional events, Risk Roundtable participants discuss client requirements, evolving legal duties and industry trends. For more information, visit www.riskroundtable.com.
Baker Robbins & Company is an independent consulting firm which helps law firms create effective solutions for the management of legal risks, electronic content, and litigation. We create measurable improvements to costs and risks by bringing to the table our knowledge of legal processes, good design, and the most useful technologies. As a result, law firms have repeatedly voted us as the company with which they are most satisfied to have done business. For more information, visit www.brco.com.
Dan Bressler
IntApp, Inc.
650.852.0400
