TCSP Legal Monthly News Mash - April 2024
AI & Compliance
There is already a lot of content being posted about AI, and the impact it will have on the legal profession (and rightly so – it isn’t going away).
We find that with a subject matter as large as this one, the most efficient use of our time is to start with a blog/article/report that summarises things clearly and without agenda.
The VinciWorks “AI & Compliance” report is a great foundational report. It’s full of explanations of terminology, and areas to consider, as well as facts.If you would like a copy of the report, contact us at [email protected]
The SRA, AML and more
On 5th March, the SRA updated its AML sectoral risk assessments to identify emerging risks.
The listed emerging risks are:
Further details can be found here - https://lnkd.in/eGVahRPW
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Law Firm PMS / CMS Selection
Once a law firm decides that they are purchasing a new Practice Management System or Case Management System, is that the hard work done?
No!
Despite what you might understand the position to be, every software system needs to be tweaked so that it suits you and your teams.
Let’s compare it to buying a new phone. You will take it out of the box, and put your SIM in, but you don’t instantly expect it to all be set up how you want it to be. You will know that you have to put some effort in to get it right for you.
This is where Clair Payne, co-founder of The CS Partnership, can help. She will co-ordinate your internal and external teams to ensure that your systems work for you – whether the need is for bespoke system development, training, or general project management.
Contact Clair on [email protected] to discuss how you may benefit from some help.
Law Firm Data Breaches
Data breaches and their impact on the Legal Profession are something that we hear about more and more. We reported last month that three-quarters of firms in England & Wales have suffered cyber-attacks in the past year.
Did you know, the UK has the 6th highest global cost of data breaches? This statistic and others are contained in an IBM report named “Cost of Data Breaches”.
No doubt, it’s scary reading – but we work on the basis that forewarned is forearmed, especially since the legal sector is worth billions, and legal practices tend to hold priceless data. That makes us high targets, in the 6th most attacked jurisdiction.
Whilst we are not experts when it comes to securing yourself against cyber-attacks, we are happy to introduce you to experts that we know and trust in this field. Contact us on [email protected] if you would like us to assist, or indeed would like a copy of the report.
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To learn more about what we do at The CS Partnership, just call us on 0333 989 8389 or email us [email protected]