Companies are bigger, more global, and more reliant upon technology and data than ever before. With regulators cooperating like never before and with data increasing at an exponential rate, chief legal, risk, and compliance officers are facing an unprecedented set of challenges.
Growth in Data
Corporate data is poised to grow nearly 94% within the next year.
Several Fortune 500 companies have GDPs larger than those of small countries.
Regulatory fines are now in the billions of dollars.
Companies are sinking under
overwhelming amounts of data.
Sadly, old answers to new problems.
Law firms are designed to apply law to facts, not to develop fact patterns across large data pools. Furthermore, their standard billing model has the potential to stifle innovation.
Traditional LPOs are in the business of providing low-cost resourcing or labor arbitrage to law firms, with only a secondary focus on subject-matter expertise.
Consulting firms call upon armies of analysts to dig through your data, but their scale often gets in the way of accelerated and cost-efficient business advice.
With such high stakes and rapid change,
we realized that this model couldn’t stand.
STOP REINVENTING THE WHEEL
Replacing $300 per-hour resources with $30 per-hour resources in a process and approach that is fundamentally broken won't solve structural and endemic issues.
TACKLE THE ROOT PROBLEMS
Without developing market understanding and staying at the cutting edge of technology, firms cannot fully address issues surrounding growing data footprints and regulatory pressures.
SWITCH THINGS UP
Without better alternatives, companies will continue to ineffectively expend resources without achieving their business and risk management objectives.
More than 80% of Chief Legal Officers see compliance, ethics, and regulatory risks as today’s leading business challenges – up 30% from previous years.
*Results from the “Future of Legal Process Outsourcing (LPO)” survey conducted in December 2013 by Legal Business, a UK publication, and Clutch Group.
Put simply, our clients need a completely different approach and set of services to solve their legal, risk, and compliance issues. That’s where we come in.
By creating bespoke data analytic engines, we allow clients to better understand their customers, stay on top of business objectives, and identify potential legal and compliance risks.
We don’t try to be everything to everyone. By focusing on key industries, we’ve built up core expertise that enables us to understand the products you sell, the types of data you have, and how they can be brought together – that’s how we uncover true insight.
We use industry leading tools that allow us to find relevant information quickly, efficiently analyze data, and create higher value work product. We help repurpose data across matters, promoting consistency and major cost savings through our defensible approach.
By far the largest challenge our clients will be facing in the coming years is the continued increase of regulatory scrutiny around the world. We work with – and our process and methodology has been directly approved by – most of the regulators that govern our clients.
Consider us your digital detectives