Bressler Risk Blog

In this month’s sponsor thank you, Intapp opted to once again share the spotlight with a consulting partner.

Audit letter response poses a compliance conundrum for many firms. Organizations need to address their professional and client obligations, while navigating significant process complexity and staff/lawyer overhead.

Today, several firms are taking advantage of their existing (or new) investments in the Intapp platform to achieve a more effective and efficient approaches.

Read more from InOutsource in this case study: “Ballard Spahr — Automating Audit Letter Responses with Intapp” —

• “Responding to audit letters is a professional requirement for every law firm. When clients get audited, the auditor confers with the client’s attorneys for feedback on loss contingencies, including any pending litigation, claims and assessments which might impact the auditor’s assessment of the company’s financial condition.”
• “The InOutsource team conducted an assessment of the firm’s existing process for responding to audit letters along with recommendations for how Ballard Spahr could automate key steps and streamline the process.”
• “‘We started looking at possible solutions. It turns out that, although every law firm deals with audit letters, there is no tool on the market that is built specifically for audit letter responses,’ says Nicholas Weeks, Director of Risk Management, Ballard Spahr.”
• “‘We have virtually eliminated paper,’ says Lisa Waldron, Risk Compliance Manager at Ballard Spahr. ‘Going electronic has saved us so much time. We send an electronic link to the responsible attorney and to the committee and they click on a link and review it that way.'”

I’m very pleased to welcome a new sponsor to the Bressler Risk Blog. You may have heard of these folks, I know I have — it’s Intapp.

They’re here because they told me it was important to them to continue supporting and connecting with the legal risk community. And over the past two years this blog has grown into a pretty respectable channel for reaching this select and discerning audience.

So expect to see a monthly sponsor “thank you” post, which will include an explicitly commercial message promoting content or resources that may be of interest. Email readers will also see a discrete newsletter footer with brief commercial messages. As always, anything beyond that is up to my editorial discretion. (Though I am objectively quite curious to see the results of their risk staffing survey when that’s ready…)

I’d like to thank Intapp — and in particular Risk GM Nigel Riley, whom I’ve enjoyed getting to know better this year — for their support.

Of course, the real reward of this enterprise is the feedback and support of my readers. I always encourage folks to share this blog with colleagues and invite them to join the mailing list. (And if you happen to cross paths with anyone from Intapp and mention that you saw them on the Bressler Risk Blog and think that’s a good thing, well that’d appreciated too…)

Now, a quick word from our sponsor. And then back to the risk blogging.

INTAPP IN BRIEF

• OnePlace Risk & Compliance gives risk and compliance professionals the solutions they need to thoroughly evaluate new business, onboard clients quickly, and monitor relationships throughout the client lifecycle. You’ll improve conflicts clearance, mitigate risk, and ensure compliance throughout the client lifecycle — and turn risk and compliance management into a competitive advantage.
• They’d love for you to see their latest, which you can do via this link.