Donor due diligence best practices in 2024

Due diligence is often viewed as a necessity for organisations to protect their reputation. But it goes beyond just managing risks; it’s about understanding and strengthening relationships with prospects. Historically, due diligence on donors has been manual, leading organisations to perform basic risk screening and cursory online searches, which can jeopardise organisations relying on generosity…

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Compliance challenges facing law firms in 2024, and how to solve them

An effective KYC process requires law firms to truly know their clients’ backgrounds. Though demanding in terms of time and resources, conducting due diligence is a crucial part of this to remain compliant. As we enter 2024, law firms are facing more complex compliance challenges. The penalties for AML breaches are severe; six-figure fines are…

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4 types of reputational risk tools in 2024

Prevent reputational damage with the right tool for your organisation. 86% of executives surveyed last year pointed to loss of income and a reduced customer base as expected fallout from reputational risks. But forming the best approach to identify those risks comprehensively and cost-effectively can be difficult. Our complex modern information environment has made managing reputational risk…

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6 best legal software platforms for 2024

The legal sector is undergoing a digital transformation. Client onboarding, litigation, and M&A matters all benefit from the right technology. However, firms must carefully consider which platforms are worth the investment. It may seem ideal to use multiple platforms to improve efficiency. But an overload of platforms can have the opposite effect, leading to convoluted…

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What law firms need to know about RegTech

RegTech, short for Regulatory Technology, refers to technology that solves the regulatory and compliance challenges faced by organisations. But what does it mean for law firms? In the words of the UK Financial Conduct Authority: RegTech is a subset of FinTech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and…

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