Conflicts Management

One of the most important steps in taking on new business is conducting a thorough conflict of interest check. In today’s global regulatory environment, it’s critical that law firms search against both internal and external sources to identify and evaluate potential new business. Failure to do so can negatively affect the firm in numerous ways. The potential impact on revenues, expenses, time, the firm’s reputation and, perhaps most importantly, malpractice settlements, is staggering.

A comprehensive, interactive conflicts resolutions system can help lawyers get the information they need to quickly identify, prioritize and resolve potential exposure and begin billable work, while protecting the firm from taking on problematic business. Conflicts systems are also important for expediting Merger & Acquisition reviews as well for vetting lateral hires.  

LegalKEY Conflicts Management provides unparalleled searching across both internal (e.g. time & billing system) and third-party sources (e.g. OFAC/SDN; Dun & Bradstreet) with advanced filtering capabilities to provide concise and easy-to-review conflicts reports. Interactive, dynamic review capabilities help lawyers clear conflicts faster, while providing a complete audit trail of the resolution process.

Enterprise Content Management (ECM) software solutions help you address these issues with the following components:

Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.