Legal GRC Management by Design

Legal today is more than legal matters, actions, and contracts. Today’s legal organization has to respond to incident/breach reporting and notification laws in a timely and compliant manner, respond to Data Subject Access Requests (DSAR), harmonize and monitor retention obligations, conduct eDiscovery, manage legal holds on data, and continuously monitor regulations and legislation and apply them to a business context.

The lack of a coordinated strategy for Legal GRC management fails to deliver insight and context, rendering it nearly impossible to make a connection between legal risk management and decision-making, business strategy, objectives, and performance. 

Organizations need to adopt a new paradigm of an integrated approach to Legal GRC. This is done through a common Legal GRC strategy, process, information, and technology architecture that supports overall legal activities, as well as integrates and supports the broader business objectives and GRC activities from an enterprise view. Organizations need to clearly define and develop the breadth and depth of their Legal GRC management strategy and process requirements, and from there select the right information and technology architecture that is agile and flexible to meet the range of Legal GRC management needs for today and into tomorrow.