Counself Risk

Legal Vendor and Outside Counsel Risk Management

Manage Risks Arising from Law Firm and Vendor Relationships

With growing reliance on cloud-based applications, the financial and legal industries are facing a maze of evolving regulatory oversight. Regulations such as FRB SR 13-19, OCC Bulletins 2013-29/2017-21, and FDIC-FIL-44-2008 require risk assessments for all vendors (including Law Firms), standardized engagement letter/contract provisions, and ongoing monitoring and accountability provisions.

Counself Risk™ has been designed to assist Legal Departments in streamlining this arduous and manual process, transforming vendor risk management with a secure, collaborative, and automated solution. Take advantage of Counself’s library of legal industry best practice forms, questionnaires, documents, and request templates to expedite your compliance gathering and monitoring processes.

Features

Distribute Requests

Author your requests from scratch or integrate Counself with your Matter Management System (MMS) to auto-generate and populate RFx with your matter data. Take advantage of our library of best practice templates and tweak to your needs so you can get the exact information you’re looking for in a consistent and standardized format, or build your own per your company’s policies.

Communicate Effectively

Communicate verifiably with both In-House and Outside Counsel through Messaging functionalities with delivery tracking, message questioning, secure and auditable document sharing, and more. No more emailing back and forth – everything is in one place!

Self-Service Registration

Free yourself from manual records maintenance and use Counself for informed and actionable vendor management. Enable your Outside Counsel and Vendors to register quickly, easily, and intuitively with Counself, delegating account and profile management responsibilities to them.

Centralize Data

Take advantage of Counself’s global Marketplace, a searchable and current database of all your Outside Counsel, Vendors, and other potential Legal Service Providers, all in one location.

Manage Vendor Certificates

Maintain a centralized database of Certifications and Contracts. Set automated alerts and reminders in advance of expiration and audits and communicate directly with vendors regarding specific documentation without tons of emails, calls, and questions.

Stay Alert of Upcoming Events

Maintain information on scheduled events and milestones, manage timelines, and set up alerts in advance of RFx due dates all with a fully automated system that keeps track and does the notifying for you.

Ready to Conquer Compliance?

We would be happy to show you what you can do with Counself.