Risk Avoidance
- Details
- Category: Practice Areas
Risk Avoidance through automation by Aurora North
Solution Overview
Risk is an unavoidable aspect of any law practice. Missed deadlines, inaccurate data entry, and other common errors can result in serious damages to IP firms and their clients. There are many areas of concern addressed by law firm risk professionals: management structure, partner agreements, financial management, business intake policies, conflicts, confidentiality, compliance, ethical walls, case reports, records management, and managing critical dates. Malpractice, insurance, mergers, hiring and human resource issues occupy risk agendas as well. With so much at stake, a systematic approach to risk avoidance is essential, and can only be provided by a fully automated system, with comprehensive training for personnel in well-defined standards and procedures.
Aurora North will assess, analyze and automate your current patent operations software and processes to provide you with a state-of-the-art system for IP Risk Management.
Aurora North solutions, using business process driven enterprise state-of-the-art technologies, offer cost effective risk management and increased efficiency in the servicing of your clients.
What is different about Aurora North
Aurora North is uniquely qualified to define and implement our proprietary solutions to minimize and avoid risk on two accounts:
- Aurora North has worked with dozens of IP clients, and as such, has developed a unique competency and subject matter expertise.
- Proven Processes and Technologies - Aurora North Software, Inc uses proven solutions to reduce risk in key IP areas.
The patent process, different from any other type of law, requires IT systems and implementers who understand its challenges and solutions. We do.
Solution Highlights
The Aurora North approach and methods differ from other professional service firms in that we focus on a historical track record of working with dozens of IP clients to develop, then implement, software technology and best practices. Highlights of the Risk Avoidance practice area include:
- The Aurora North SharePoint based WorkPortal common user interface
- New Matter Intake workflow
- Master data directory with integration data connectors to other applications:
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- Elite
- Interwoven
- Interaction
- Active Directory/Exchange
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- The PairLink automated US Patent and Trademark Office Download tool
- Automated workflow for content distribution
- Last Day List Notification and Development
What 80 Law Firms thought about Risk
According to a 2010 Law Firm Risk Survey sponsored by IntApp:
- Top law firm risk concerns include business intake, records management and confidentiality protection.
- Clients continue to raise concerns about steps firms take to ensure the confidentiality of sensitive business information.
- Nearly 90% of firms have been asked by clients to restrict and track internal firm access to sensitive information via ethical walls and other confidentiality controls.
- 70% of firms report taking on matters subject to confidentiality controls mandated by external regulations; firms identified the HITECH Act for personal health information, and state and international personal data privacy laws as regulations of greatest concern.
- Nearly half of all firms have been audited or received requests for proof of compliance from a client or external agency.
- In response to an expanding set of risk management challenges, organizations are increasing the number of internal stakeholders tasked with risk response and compliance.
- Supporting this trend, more firms have designated formal budgets earmarked for risk management.
If any or all of these survey results pique your curiosity or interest, contact Aurora North Software at
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