Compliance, source of funds checks, AML checks and ID checks in the legal industry
Compliance, source of funds checks, AML checks and ID checks in the legal industry What is Compliance? Compliance is the state of being in accordance with established guidelines or specifications or the process of becoming so – software, for example, may be developed in compliance with specifications created by a standards body, and then deployed […]
What is Phishing? What are the threats and how to best safeguard against it?
What is Phishing? What are the threats and how to best safeguard against it? Phishing is a type of social engineering attack often used to steal user data, including login credentials and credit card numbers.It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message, or text […]
Work-Life Balance & Work-Place Productivity in The Legal Sector
Work-Life Balance & Work-Place Productivity in The Legal Sector Life in the legal sector is commonly associated with long hours, challenging deadlines and a high-pressure working environment where busyness is worn as a badge of honour. This makes striking a balance between productivity and burnout extremely difficult. These intensive and high-pressure environments becoming a norm […]
Good Law Software Is Embarking On A Strategic Partnership With Thirdfort To Help Lawyers Combat Fraud And Money Laundering risks
Good Law Software Is Embarking On A Strategic Partnership With Thirdfort To Help Lawyers Combat Fraud And Money Laundering risks Good Law Software (GLS) is partnering with the risk management platform for professional services, Thirdfort, to help lawyers tackle the surging fraud and money laundering risks. This integration with Thirdfort will remove the necessity […]
What are AML and ID checks and how are these used in the Legal Industry?
What are AML and ID checks and how are these used in the Legal Industry? What is Anti-Money Laundering (AML)? It is necessary to learn what money laundering is before understanding AML regulations.[1] Money Laundering is legal terminology for a type of financial crime which involves taking criminally obtained proceeds (dirty money) and disguising their origins […]
Improving Collaboration With Legal Technology
Improving Collaboration With Legal Technology Collaboration involves people or organizations working together to achieve a shared goal or common purpose. Enjoying the process of collaboration and the ability to successfully collaborate with lawyers and clients is a very important skill for lawyers to have due to the nature of their work. Completing a deal or […]
Competition Within The Legal Industry
Competition Within The Legal Industry Making your presence felt in the competitive world of law has never been simple Introduction Competition in the legal sector has never been fiercer, with a steady stream of new entrants exploiting changes in legislation and technology to enter the overcrowded legal market. Law firms are constantly under pressure to […]
What are the biggest online security threats the Legal Industry is facing
What are the biggest online security threats the Legal Industry is facing Introduction The legal sector is particularly vulnerable to cyberattacks due to the volume of data, sensitive information, financial responsibility and authority it holds.[1] Law firms are among cyber criminals’ most attractive targets, but, although they’re aware of the risks, law firms don’t always properly […]
The Legal Tech Landscape in the past 5 years
The Legal Tech Landscape in the past 5 years Technology, throughout history, has transformed our lives and has played the role of a catalyst of change.[1] Law, order, and justice are essential ingredients for ensuring trust in a global age.[2] Since legal services have become an international phenomenon, the need for services such as the provision of […]
The Difference Between E-contracts and Smart Contracts and How These Can Help the Legal Tech
The Difference Between E-contracts and Smart Contracts and How These Can Help the Legal Tech Introduction The emergence of the digital era is aiding enterprises in enhancing their performance. Many new developments and technologies are being introduced in the market that are benefiting organisations of different sectors.[1] All industries are adopting new technologies to streamline their […]
